Citigroup Maintains Neutral on RBC Bearings, Raises Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Timothy Thein maintains a Neutral rating on RBC Bearings (NYSE:RBC) and raises the price target from $240 to $245.
September 27, 2023 | 2:59 pm
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NEUTRAL IMPACT
Citigroup maintains a Neutral rating on RBC Bearings and raises the price target from $240 to $245.
The news is directly about RBC Bearings. The Neutral rating indicates that Citigroup does not expect significant price movement in the short term. However, the increase in price target could be seen as a positive signal, potentially leading to a slight increase in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100