Truist Securities Maintains Buy on RBC Bearings, Lowers Price Target to $271-Report released on 9th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Ciarmoli has maintained a Buy rating on RBC Bearings (NYSE:RBC) but lowered the price target from $275 to $271.
November 10, 2023 | 2:53 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on RBC Bearings but reduces the price target slightly from $275 to $271.
The reduction in price target is marginal, suggesting that the analyst's outlook on the company remains positive, albeit with a slightly tempered valuation expectation. This could have a neutral to mildly negative short-term impact on the stock as the market digests the new target.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100