Citi downgraded Timken (TKR) to Neutral from Buy with a price target of $100, up from $95. The analyst increased estimates to incorporate the sale of Timken India shares but sees a more balanced upside/downside case for the shares, especially after strong relative outperformance versus bearings peer RBC Bearings (RBC).
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TKR: