Stifel Maintains Buy on Timken, Lowers Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stanley Elliott has maintained a Buy rating on Timken (NYSE:TKR) but has reduced the price target from $93 to $92.
December 19, 2023 | 3:56 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Timken but lowers the price target by $1 to $92.
The reduction in price target is marginal, suggesting only a slight adjustment in valuation by Stifel. While the Buy rating is reaffirmed, the lowered price target may have a neutral to slightly negative impact on investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100