Timken Company TKR Receives Upgraded

The Timken Company TKR, a global leader in engineered bearings and power transmission products, recently welcomed a positive change in its stock rating. Equity research analysts at StockNews.com have elevated their position on TKR stock from "hold" to "buy." This upgrade, announced on Saturday, reflects the analysts' growing confidence in the company's performance.

Analysts' Insight on Timken's Performance

Aside from the recent upgrade by StockNews.com, TKR has been closely monitored by several other research firms. Stifel Nicolaus has reissued a "buy" rating, coupling it with a target price of $97.00. Conversely, Citigroup adjusted its target price from $85.00 to $80.00 and retained a "neutral" stance on the company. Bank of America took a more bearish approach by downgrading TKR to an "underperform" rating and reducing the target price from $100.00 to $74.00. KeyCorp also revised its target price down to $91.00 from $102.00 but maintained an "overweight" rating.

Overall, TKR carries a mix of ratings with a consensus estimate leaning towards a Timken, Upgraded, Stocks