Jefferies Upgrades Titan International (TWI) to Buy, Favorable Risk/Reward

Article Stock Quotes (1) Comments (0)

Jefferies upgraded Titan International (NYSE: TWI) from Hold to Buy with a price target of $23.00.

"TWI shares have been hit by worries about its NA ag and mining end markets, as well as the impact of its mining tire capacity expansion on margins," the firm comments. "However, we believe that worries about the earnings trajectory are overdone for now and that earnings, a potential guidance update, and more discussion of the company's Titan Europe acquisition could be positive catalysts."

For an analyst ratings summary and ratings history on Titan International click here. For more ratings news on Titan International click here.

Shares of Titan International closed at $17.84 yesterday, with a 52 week range of $16.86-$29.79.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: A.G. Lafley Gives Procter & Gamble (PG) Investors 'New Hope', UBS Upgrades to Buy
• First Analysis Upgrades Volcano Corp. (VOLC) to Overweight
• salesforce.com, Inc. (CRM) Reports In-Line Q1 EPS; Issues In-Line Q2, FY14 Outlook

Create E-mail Alert Related Categories

Hot Upgrades, Upgrades

Related Entities

Jefferies & Co, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?