UPDATE: Jefferies Upgrades Timken to Buy, Raises PT on Multiple Value Paths
June 05, 2013 at 11:41 AM EDT
In a report published Wednesday, Jefferies analyst Stephen Volkmann upgraded the rating on The Timken Company (NYSE: TKR ) from Hold to Buy, and raised the price target from $50.00 to $65.00. In the report, Jefferies noted, “We upgrade TKR shares to BUY as we see multiple paths to value.
