RBC Bearings price target raised to $330 from $310 at Morgan Stanley

Morgan Stanley raised the firm’s price target on RBC Bearings to $330 from $310 and keeps an Overweight rating on the shares. Management execution “continues be strong and surprise to the upside,” says the firm, which factors in better than expected margin performance while noting that RBC has achieved about $70M-$80M in synergies in just over two years since the Dodge acquisition was completed.