Jefferies Upgrades Timken (TKR) to Buy
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Price: $119.92 -0.44%
Rating Summary:
10 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 33
Rating Summary:
10 Buy, 10 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 33
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Jefferies upgraded Timken (NYSE: TKR) from Hold to Buy with a price target of $50.
The firm comments, "We are upgrading the shares of The Timken Company (TKR) to Buy from Hold as the valuation has become more compelling with the recent pullback in the share price and as the underlying business and end market fundamentals continue to favor growth into 2012."
For more ratings news on Timken click here and for the rating history of Timken click here.
Shares of Timken closed at $39.84 yesterday.
The firm comments, "We are upgrading the shares of The Timken Company (TKR) to Buy from Hold as the valuation has become more compelling with the recent pullback in the share price and as the underlying business and end market fundamentals continue to favor growth into 2012."
For more ratings news on Timken click here and for the rating history of Timken click here.
Shares of Timken closed at $39.84 yesterday.
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