RBC - Why This RBC Bearings Analyst Double Upgraded The Stock Wednesday | Benzinga
Shares of RBC Bearings Inc (NYSE: RBC) were climbing in early trading on Wednesday.
The Oxford, Connecticut-based company is poised for significant margin expansion due to higher efficiency gains and continued execution on the defense expansion strategy, according to Bank of America Securities.
The RBC Bearings Analyst: Ronald Epstein upgraded the rating for RBC Bearings from Underperform to Buy, while raising the price target from $230 to $280.
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The RBC Bearings Thesis: There ...