Citi raised the firm’s price target on Timken (TKR) to $80 from $75 and keeps a Buy rating on the shares. The firm updated price targets and its machinery views to reflect the current environment.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TKR:
- Timken appoints Timothy Graham as president, Industrial Motion
- Timken Company: Buy Rating with Significant Upside Potential and Strategic Growth Opportunities
- Timken price target raised to $75 from $70 at Citi
- Timken price target raised to $71 from $66 at DA Davidson
- Timken raises quarterly dividend 3% to 35c per share