Timken price target lowered to $99 from $103 at DA Davidson

DA Davidson lowered the firm’s price target on Timken (TKR) to $99 from $103 and keeps a Buy rating on the shares after its Q3 results. Organic trends were largely not in Timken’s favor, outside of a few areas such as Aerospace and the Americas in general, though the company appears to be approaching an earnings inflection point in early 2025 as cost-structure adjustments bear fruit and as a few challenging end-markets begin to turn, the analyst tells investors in a research note.