Truist Securities Maintains Buy on RBC Bearings, Lowers Price Target to $315
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Ciarmoli maintains a Buy rating on RBC Bearings (NYSE:RBC) but lowers the price target from $328 to $315.
July 17, 2024 | 2:06 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on RBC Bearings but lowers the price target from $328 to $315.
The maintained Buy rating suggests continued confidence in RBC Bearings' performance, but the lowered price target indicates a slightly less optimistic outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100