Peeling Back The Layers: Exploring Timken Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Timken (NYSE:TKR) with an average 12-month price target of $82.67, down from $97.00. Recent actions include lowered price targets by analysts from Morgan Stanley, Jefferies, Stifel, Keybanc, Citigroup, and B of A Securities. Timken's financials show a revenue growth rate of 0.55% as of September 30, 2023, but lag in net margin, ROE, ROA, and face high debt-to-equity ratio challenges.
January 08, 2024 | 5:00 pm
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Timken has received mixed analyst ratings with a lowered average price target of $82.67. Financial challenges include below-average profitability metrics and a high debt-to-equity ratio.
The lowered price targets by multiple analysts suggest a bearish outlook for Timken's stock in the short term. Financial challenges such as lower profitability and high debt levels could negatively impact investor sentiment and stock price.
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