Timken (TKR) PT Raised to $45 at Jefferies Following 2Q Results
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Timken Reports Fourth-Quarter and Full-Year 2016 Results, Provides 2017 Outlook
February 9, 2017 6:51 AM ESTNORTH CANTON, Ohio, Feb. 9, 2017 /PRNewswire/ -- The Timken Company (NYSE: TKR) (www.timken.com), a global leader in bearings and mechanical power transmission products, today reported fourth-quarter 2016 sales of $655 million, down 8.3 percent from the same period a year ago. The results reflect weakness across most end markets and unfavorable currency, partially offset by the benefit of acquisitions.
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In the fourth quarter, Timken posted net... More
