Citigroup Maintains Neutral on Timken, Lowers Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Timothy Thein has maintained a Neutral rating on Timken (NYSE:TKR) and lowered the price target from $100 to $85.
August 30, 2023 | 5:12 pm
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Citigroup has maintained a Neutral rating on Timken and lowered the price target from $100 to $85.
The lowering of the price target by Citigroup indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on Timken's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100