(January 12, 2011)

Wunderlich research analysts began coverage for shares of Timken (NYSE: TKR) in a research note issued to investors on Friday. They set a “buy” rating and a $60.00 price target on the company’s stock.

Timken (NYSE: TKR)’s stock opened at 50.90 on Wednesday. Timken has a 52 week range of $22.03 to $51.14. The stock’s 50-day moving average is $47.51 and its 200-day moving average is $38.83. Analysts predict on average that Timken will post $0.76 earnings per share next quarter. The company has a market cap of $4.942 billion and a P/E (price-to-earnings ratio) of 30.33.

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