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Fly News Breaks for August 7, 2017
TKR
Aug 7, 2017 | 07:37 EDT
Goldman Sachs analyst Samuel Eisner removed Timken from the Conviction Buy List after Q2 operating leverage missed his expectations and reduced his confidence. The analyst said he underestimated incentive comp and increased costs associated with accelerated sales growth but remains Buy rated on upside to valuation given his forecast for higher CoC earnings.