Jefferies upgraded Timken (TKR) to Buy from Hold with a price target of $95, up from $80, as part of a broader research note previewing 2025 for the Machinery and Industrial sector. The markets have been pricing in a “dire industrial scenario” which the firm sees as “unlikely”, the analyst tells investors in a research note. The setup for 2025 is “positive” amid continued rate cuts and with some kind of tax relief looking “likely”, the firm adds.
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Read More on TKR:
- Timken downgraded to Sector Weight from Overweight at KeyBanc
- Timken upgraded to Outperform from In Line at Evercore ISI
- Timken price target lowered to $99 from $103 at DA Davidson
- Timken price target lowered to $97 from $102 at Oppenheimer
- Timken price target lowered to $90 from $104 at KeyBanc
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