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Fly News Breaks for November 7, 2016
TKR
Nov 7, 2016 | 06:29 EDT
Evercore ISI analyst David Raso upgraded TImken (TKR) to Buy and raised its price target to $37 from $32 based on lowered expectations, valuation, and and accelerating inflation. The analyst believes Timkin's largest customer, Caterpillar (CAT), saw a turn in the mining business and said the turn in the Process Industries business helped drive up earnings revisions.
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