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Timken downgraded to Hold at Jefferies on potential tariff headwinds

As previously reported, Jefferies downgraded Timken (TKR) to Hold from Buy with a price target of $70, down from $90. The potential for lower volumes and margin compression from weakening short-cycle sentiment and potential tariff headwinds increases downside risk, says the analyst, who lowered EPS estimates. The company is also re-engaged in a CEO search after parting ways with Tarak Mehta after just six months in the post, the analyst noted.

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