Timken price target raised to $100 from $90 at JPMorgan

JPMorgan raised the firm’s price target on Timken (TKR) to $100 from $90 and keeps a Neutral rating on the shares. The firm says that as macro uncertainty persists, “disciplined leaders” in the smaller cap industrial space remain well positioned for long-term growth. It adjusted price targets as part of a mid-quarter recap.