Evercore ISI Group Maintains In-Line on Timken, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst David Raso maintains an In-Line rating on Timken (NYSE:TKR) but lowers the price target from $94 to $87.
August 19, 2024 | 2:17 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Evercore ISI Group has maintained its In-Line rating for Timken but has reduced the price target from $94 to $87, indicating a more cautious outlook.
The lowering of the price target from $94 to $87 by Evercore ISI Group suggests a less optimistic view on Timken's future performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100