Timken Given New $22.00 Price Target at Bank of America (TKR)

Resource from: Zolmax Likes:212

Mar 19,2013

Timken (NYSE: TKR) had its target price upped by Bank of America to $22.00 in a report issued on Thursday. They currently have a neutral rating on the stock. Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Timken from an underperform rating to a neutral rating in a research note to investors on Wednesday, March 13th. They now have a $57.60 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Timken from $56.00 to $65.00 in a research note to investors on Wednesday, February 20th. They now have a buy rating on the stock. Six investment analysts have rated the stock with a buy rating, one has given an overweight rating, and four have given a hold rating to the company. Timken currently has a consensus rating of overweight and an average price target of $60.67. Timken (NYSE: TKR) traded up 0.36% on Thursday, hitting $57.81. Timken has a 1-year low of $32.59 and a 1-year high of $58.50. The stock’s 50-day moving average is currently $55.24. The company has a market cap of $5.546 billion and a price-to-earnings ratio of 11.36. The Timken Company (Timken) develops, manufactures, markets and sells products for friction management and power transmission, alloy steels and steel components.

(Zolmax)

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