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Date: 2013-08-01

Zacks Raises Timken to Neutral (TKR)

Zacks upgraded shares of Timken (NYSE: TKR) from an underperform rating to a neutral rating in a research report sent to investors on Wednesday morning. The firm currently has $47.60 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Longbow Research downgraded shares of Timken from a buy rating to a neutral rating in a research note to investors on Tuesday, December 4th. Separately, analysts at Jefferies Group downgraded shares of Timken from a buy rating to a hold rating in a research note to investors on Thursday, November 29th. They now have a $45.00 price target on the stock. Finally, analysts at William Blair reiterated a market perform rating on shares of Timken in a research note to investors on Thursday, November 29th.

Shares of Timken traded down 0.26% during mid-day trading on Wednesday, hitting $46.49. Timken has a 52 week low of $32.59 and a 52 week high of $57.94. The company has a market cap of $4.456 billion and a P/E ratio of 8.65.

Timken last announced its earnings results on Thursday, October 25th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.01 by $0.18. The company


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