- With shares of Timken (NYSE:TKR) up 30% YTD, BofA analyst Ross Gilardi downgraded the stock to Buy from Neutral, leading shares to fall 2% in early trade.
- The rating is based on the expectation that the company will trim its outlook for 2019 due to softer auto and short cycle data.
Timken -2% after BofA downgrades Timken
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Symbol | Last Price | % Chg |
---|---|---|
TKR | - | - |
The Timken Company |