Timken Co. (TKR) Tops Q1 EPS by 7c

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Go back to Timken Co. (TKR) Tops Q1 EPS by 7c

Timken (TKR) Estimates, PT Lifted at Jefferies

April 25, 2014 12:01 PM EDT

Jefferies analyst Stephen Volkmann boosted his price target on Buy-rated Timken (NYSE: TKR) to $75.00 (from $70.00) following 1Q EPS of $0.88, excluding $0.02 in one-time benefits, versus the consensus of $0.81.

Volkmann comments, "Sales were in-line with our model and incremental margins of 35% resulted in EBIT 30bps... More