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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