William Blair analyst Ross Sparenblek resumed coverage of RBC Bearings with an Outperform rating and fair value estimate of $320 per share. RBC stands out as the premier supplier of highly engineered bearings, gears, and drives, benefiting from “robust tailwinds,” including government stimulus, reshoring, and ramping production across aerospace and defense, the analyst tells investors in a research note. The firm says RBC appears set to exceed consensus estimates over the next 24 months, led by “green shoots” in emerging industrial growth markets.
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Read More on RBC:
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