Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Titan International

Related TWI
Earnings Scheduled For February 26, 2015
Top Performing Industries For February 3, 2015

In a report published Friday, Jefferies & Company reiterated its Buy rating on Titan International (NYSE: TWI), and raised its price target from $25.00 to $27.00.

Jefferies noted, “We see more downside than upside risk in 4Q machinery earnings, and we continue to recommend a defensive short-term stance. Extended production shutdowns and inventory destocking has been prevalent through the quarter and into 2013. We are generally below consensus in the near term and worry that stocks appear overbought +10+% vs the S&P500 since the October lows despite no material improvement in fundamentals.”

Titan International closed on Thursday at $23.42.

Latest Ratings for TWI

Jun 2013JefferiesDowngradesBuyHold
Jun 2013William BlairDowngradesOutperformMarket Perform
Jun 2013Janney CapitalDowngradesBuyNeutral

View More Analyst Ratings for TWI
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (TWI)

Around the Web, We're Loving...

Get Benzinga's Newsletters