Timken price target raised to $105 from $95 at Jefferies

Jefferies raised the firm’s price target on Timken to $105 from $95 and keeps a Buy rating on the shares after having recently hosted Timken’s CFO and director of IR for investor meetings. The firm continues to view Timken’s 2023 outlook as likely conservative and sees the company as "a strong candidate for a re-rating," the analyst tells investors.