RBC Bearings price target raised to $395 from $375 at KeyBanc

KeyBanc raised the firm’s price target on RBC Bearings (RBC) to $395 from $375 and keeps an Overweight rating on the shares. The firm notes RBC shares saw a solid increase following bullish commentary around good growth prospects for Aerospace, Defense, and Industrial. KeyBanc thinks that positive commentary is in line with the positive change in tone it highlighted in its World of Concrete takeaways note and its KBCM Steel & Aerospace team’s Plane Chain survey results.