Truist Securities Maintains Buy on RBC Bearings, Raises Price Target to $275
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Michael Ciarmoli maintains a 'Buy' rating on RBC Bearings and raises the price target from $265 to $275.
August 07, 2023 | 2:35 pm
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POSITIVE IMPACT
Truist Securities maintains a 'Buy' rating on RBC Bearings and raises the price target from $265 to $275, which could potentially lead to an increase in the stock's price.
The raised price target by Truist Securities indicates a positive outlook for RBC Bearings. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is undervalued at current levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100