Timken price target raised to $101 from $94 at DA Davidson

DA Davidson raised the firm’s price target on Timken to $101 from $94 and keeps a Buy rating on the shares after its Q1 earnings beat and guidance raise. Investors also received positive updates as the substantial decline in wind-energy market in China, which had dominated headlines for multiple quarters, finally appears to be flattening, leading to easy comps in late 2024 and early 2025, the analyst tells investors in a research note.