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Timken price target raised to $80 from $71 at DA Davidson

DA Davidson raised the firm’s price target on Timken (TKR) to $80 from $71 and keeps a Neutral rating on the shares. Ag is finally at trough amid a “truly historic” bottom for tractor sales, while in Trucks, the Class 8 Vocational markets may be seeing signs of strain, the analyst tells investors in a research note.

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