Market Overview

Jefferies Reiterates Buy Rating on Timken on 'Two More Paths to Value'

Related TKR
Timken Continues To Add To Its Bearing Portfolio With The Acquisition Of Revolvo Ltd.
Top 4 Stocks In The Machine Tools & Accessories Industry With The Highest Dividend Yield

In a report published on Monday, Jefferies analyst Stephen Volkmann reiterated a Buy rating and a price target of $65 on Timken (NYSE: TKR).

In the report, Jefferies stated, "We continue to expect Timken to take action that will enhance value before the end of the year. We have previously highlighted several options, including a potential split, share repurchases and dividends, as well as a potential tailwind from an industry recovery. In this report we examine two additional paths, an LBO transaction and an outright sale of the Steel business."

Timken closed on Friday at $56.37.

Latest Ratings for TKR

Oct 2014Bank of America
Jul 2014JefferiesMaintainsBuy
May 2014Gabelli & Co.UpgradesHoldBuy

View More Analyst Ratings for TKR
View the Latest Analyst Ratings

Posted-In: Jefferies Stephen VolkmannAnalyst Color Reiteration Analyst Ratings


Related Articles (TKR)

Around the Web, We're Loving...

Get Benzinga's Newsletters