B of A Securities Downgrades Timken to Underperform, Lowers Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ross Gilardi has downgraded Timken (NYSE:TKR) from Neutral to Underperform and lowered the price target from $100 to $74.
October 11, 2023 | 1:55 pm
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NEGATIVE IMPACT
Timken's rating has been downgraded from Neutral to Underperform by B of A Securities, with a lowered price target from $100 to $74.
The downgrade from Neutral to Underperform and the lowering of the price target by B of A Securities indicates a negative outlook for Timken. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100