Timken price target raised to $90 from $88 at Oppenheimer

Oppenheimer raised the firm’s price target on Timken (TKR) to $90 from $88 and keeps an Outperform rating on the shares. The firm has recently hosted investor meetings with new CEO Lucian Boldea, recently-promoted CFO Mike Discenza, and VP of IR Neil Frohnapple, with conversations spanning new management’s 80/20-based strategy revisions, puts and takes regarding the 2026 demand environment, and related potential for top- and bottom-line growth inflection. Oppenheimer was encouraged by Boldea’s vision for Timken and remains bullish on beat and raise potential in a healthier industrial demand backdrop. The firm believes continued/perhaps accelerated portfolio evolution, outgrowth prospects, and notably discounted valuation all bode well for Timken returns going forward.