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KeyBanc Assumes Coverage on Timken (TKR) at Buy; Top Mgmt Team

January 9, 2012 7:24 AM EST
Get Alerts TKR Hot Sheet
Price: $88.14 --0%

Rating Summary:
    6 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 10 | New: 10
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KeyBanc assumes coverage on Timken (NYSE: TKR) with a Buy. PT $53.00.

KeyBanc analyst says, "Overall, we believe TKR benefits from a top tier management team and dominant market position in many applications (e.g., tapered roller bearings and SBQ steel) and should outperform its peers over the next 12-24 months as the shares more fully reflect the Company's recent initiatives. In our view, TKR is taking the right steps to generate sustainably higher levels of profitability through the cycle while reducing cyclicality by pursuing increased exposure to high growth industrial applications, emerging markets and aftermarket."

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

Shares of Timken closed at $40.58 yesterday.


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