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- Timken (NYSE:TKR) late Monday was rated Buy in new research coverage by analysts at financial-services firm D.A. Davidson. They said the maker of bearings is on its “best of breed” list of recommended stocks.
- “While the near- to medium-term opportunity is a good one as end-market outlooks firm up, the longer-term opportunity may be even better given the substantial discount to intrinsic value,” Michael Shlisky, analyst at D.A. Davidson, said in a January 22 report.
- The firm set a price target of $92 a share on Timken (TKR), based on an estimated enterprise value that’s 10 times earnings before interest, taxes, depreciation and amortization for the next 12 months.
- Timken's (TKR) stock closed at $78.96 a share on Monday.