BofA raised the firm’s price target on RBC Bearings to $330 from $310 and keeps a Buy rating on the shares after having hosted CEO Michael Hartnett, and Robert Moffatt, Director of IR. RBC benefits from strong execution and positioning and the firm sees the company benefiting from tailwinds in A&D, while opportunities for Industrial should manifest despite organic growth pressures, the analyst tells investors after the meetings.
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