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Benzinga

Business

Akanksha Bakshi

Oppenheimer Initiates Timken At Outperform, Sees Sharp Upside

Timken Oppenheimer TKR

Timken Co (NYSE: TKR) coverage was initiated with an Outperform rating and a price target of $75 (an upside of 27%) by Oppenheimer analyst Bryan Blair.
The analyst is confident in Timken's value-added portfolio transformation and realistic drivers for medium-term earnings outperformance.
Blair states that the team's aggressive investments in renewable energy and automation strengthen its secular positioning.
Price Action: TKR shares are trading higher by 2.29% at $59.04 on the last check Thursday.

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