Wunderlich Securities Raises Timken PT to $65, Reiterates Buy Rating (TKR)

Wunderlich Securities raised its Timken TKR price target from $60 to $65 and reiterated its Timken Buy rating in a research report published today. In the report, Wunderlich Securities states, "Our increase in estimates is partly driven by company guidance and partly due to the improved demand for bearings and steel in the energy sector." Shares of Timken were trading at $55.06 at the time of posting, up 4.34% from Monday's market close.