Keybanc Maintains Overweight on Timken, Lowers Price Target to $91
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Steve Barger has maintained an Overweight rating on Timken (NYSE:TKR) but lowered the price target from $102 to $91.

November 06, 2023 | 11:27 am
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Keybanc has maintained an Overweight rating on Timken but lowered the price target from $102 to $91.
The news is directly about Timken (TKR). The Overweight rating suggests that Keybanc expects the stock to outperform the market, which is positive. However, the lowering of the price target from $102 to $91 might indicate a reduced growth expectation, which could have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100