Citigroup Maintains Neutral on RBC Bearings, Raises Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Timothy Thein has maintained a Neutral rating on RBC Bearings (NYSE:RBC) and increased the price target from $250 to $285. This adjustment reflects Citigroup's updated valuation assessment of RBC Bearings.

February 12, 2024 | 8:34 pm
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Citigroup has maintained a Neutral rating on RBC Bearings but raised the price target from $250 to $285, indicating a positive reassessment of the company's valuation.
The increase in price target from $250 to $285 by Citigroup suggests a positive reassessment of RBC Bearings' valuation, likely due to improved financial performance or market conditions. While the Neutral rating indicates that Citigroup does not see significant upside or downside in the near term, the raised price target could lead to increased investor interest and potentially a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90