(December 9, 2010)

Equities research analysts at Longbow Research boosted their price target on shares of Timken (NYSE: TKR) from $52.00 to $55.00 in a research note to clients and investors on Wednesday. The analysts currently have a “buy” rating on the stock.

The Timken Company (Timken) develops, manufactures, markets and sells products for friction management and power transmission, alloy steels and steel components. Timken’s portfolio includes a range of friction management products and maintenance services. The Company also manufactures power transmission components and assemblies, as well as systems such as helicopter transmissions, alloy steel, bars and tubing, finished and semi-finished steel components. Timken’s global footprint consists of 47 manufacturing facilities, eight technology and engineering centers, 12 distribution centers. Timken operates in 26 countries and territories. The Company operates under two business groups: the Steel Group and the Bearings and Power Transmission Group. The Bearings and Power Transmission Group is composed of three operating segments: Mobile Industries, Process Industries and Aerospace and Defense.

Shares of Timken (NYSE: TKR) traded up +1.04% during mid-day trading on Thursday, hitting $47.69. TKR has a 52 week low of $22.03 and a 52 week high of $47.75. The stock has a market cap of $4.631B and a 50-day moving average of $43.5367.

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