Truist Securities Maintains Buy on RBC Bearings, Raises Price Target to $309
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Ciarmoli has maintained a Buy rating on RBC Bearings (NYSE:RBC) and increased the price target from $271 to $309.
January 10, 2024 | 2:21 pm
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Truist Securities has reaffirmed a Buy rating on RBC Bearings and raised the price target to $309, indicating a positive outlook on the stock.
The increase in price target by Truist Securities suggests a strong confidence in RBC Bearings' future performance, which could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100