- Timken Co 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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