Timken Provides Update on 2021 Performance

Go back to Timken Provides Update on 2021 Performance

Timken (TKR) PT Lowered to $100 at Jefferies

September 16, 2021 8:03 AM EDT

Jefferies analyst Stephen Volkmann lowered the price target on Timken (NYSE: TKR) to $100.00 (from $110.00) while maintaining a Buy rating after withdrawing FY21 outlook.

The analyst commented, "Timken announced after the close that despite strong demand it expects sales and earnings to be... More