B of A Securities Upgrades RBC Bearings to Buy, Raises Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ronald Epstein has upgraded RBC Bearings (NYSE:RBC) from Underperform to Buy and increased the price target from $230 to $280.
November 29, 2023 | 12:05 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
RBC Bearings' stock rating has been upgraded by B of A Securities from Underperform to Buy, with a significant increase in the price target from $230 to $280.
The upgrade from Underperform to Buy suggests a positive outlook on RBC Bearings by the analyst, which could lead to increased investor confidence and potential stock price appreciation in the short term. The substantial raise in the price target further emphasizes the analyst's bullish stance on the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100