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

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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

Nov 2015Goldman SachsDowngradesNeutralSell
Oct 2015Avondale PartnersInitiates Coverage onMarket Perform
May 2015Goldman SachsInitiates Coverage onNeutral

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


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