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

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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

DateFirmActionFromTo
Jan 2017Goldman SachsUpgradesNeutralBuy
Dec 2016Stifel NicolausDowngradesBuyHold
Nov 2016Evercore ISI GroupUpgradesHoldBuy

View More Analyst Ratings for TKR
View the Latest Analyst Ratings

Posted-In: Jefferies Stephen VolkmannAnalyst Color Reiteration Analyst Ratings

 

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