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Wunderlich Securities reiterates its Buy rating and $65 target price on The Timken Company
TKR as the company is expected to meet or beat fourth quarter expectations on January 27.
Wunderlich says, "The Timken Company (
TKR) will report 4Q11 results before the open on January
27. The Street is looking for revenue and GAAP EPS of $1,270 million and $1.06, respectively. We expect the company will exceed estimates based on continued strength in the specialty steel segment. We reiterate our Buy rating and $65 price target on TKR shares."
TKR closed at $45.11 per share on Tuesday.
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