Loop Capital analyst Chris Dankert maintains $The Timken (TKR.US)$ with a hold rating, and adjusts the target price from $87 to $85.
According to TipRanks data, the analyst has a success rate of 77.8% and a total average return of 19.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $The Timken (TKR.US)$'s main analysts recently are as follows:
The firm observed that Timken's shares experienced a significant drop of 12.9% following the company's third-quarter results, which fell short of expectations, along with adjusted forecasts for 2024. While third-quarter revenue slightly exceeded forecasts, the shortfall was mostly due to factors considered to be non-recurring. The firm anticipates that the fourth-quarter projections are on the cautious side, suggesting potential for modest upside given current order rates and cost reduction measures. Importantly, the firm's medium-term outlook remains largely intact, with continued optimism for Timken's ability to significantly boost profitable growth through both organic and inorganic strategies.
The decline in Timken's shares post-Q3 results and conference call is believed to have been sparked by its Q3 performance falling short of expectations, implied guidance for Q4 not meeting consensus, and early cautious commentary for 2025. Consequently, there has been a revision in estimates.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Loop Capital分析師Chris Dankert維持$鐵姆肯 (TKR.US)$持有評級，並將目標價從87美元下調至85美元。
根據TipRanks數據顯示，該分析師近一年總勝率為77.8%，總平均回報率為19.6%。
此外，綜合報道，$鐵姆肯 (TKR.US)$近期主要分析師觀點如下：
該公司觀察到，鐵姆肯公司的股價大幅下跌了12.9％，此前該公司第三季度業績低於預期，並調整了2024年的預測。儘管第三季度收入略高於預期，但短缺主要是由於被認爲是非經常性因素造成的。該公司預計，第四季度的預測是謹慎的，這表明鑑於當前的訂單率和成本削減措施，可能出現適度的上行空間。重要的是，該公司的中期前景基本保持不變，人們繼續對鐵姆肯公司通過有機和無機戰略大幅促進盈利增長的能力持樂觀態度。
據信，鐵姆肯公司在第三季度業績和電話會議後股價的下跌是由其第三季度業績不及預期、隱含的第四季度指導未達到共識以及早期對2025年的謹慎評論引發的。因此，對估計數進行了修訂。
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