Alembic Global Upgrades RBC Bearings to Overweight, Announces $267 Price Target
Portfolio Pulse from richadhand@benzinga.com
Alembic Global has upgraded RBC Bearings from Neutral to Overweight and set a new price target of $267. The upgrade was announced by analyst Peter Skibitski.
August 09, 2023 | 3:56 pm
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POSITIVE IMPACT
RBC Bearings has been upgraded from Neutral to Overweight by Alembic Global, with a new price target of $267.
The upgrade from Alembic Global is a positive signal for RBC Bearings. The new price target of $267 suggests that the analyst sees significant upside potential in the stock. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100