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Fly News Breaks for January 18, 2018
TKR
Jan 18, 2018 | 05:28 EDT
Jefferies analyst Stephen Volkman upgraded Timken to Buy and raised his price target for the shares to $63 from $50. The analyst's analysis suggests the "modest" mid-single digit organic growth being baked into 2018 consensus estimates for the company is conservative. Most of Timken's end markets continue to trend positively, even rail, which has been a drag through 2017, Volkman tells investors in a research note.