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RBC Bearings Incorporated (NYSE:RBC) Given Average Recommendation of "Buy" by Brokerages
RBC Bearings Incorporated (NYSE:RBC) has received an average “Buy” recommendation from analysts, with a 12-month target price of $560.50. Several firms, including Morgan Stanley, KeyCorp, and Truist, recently raised their price targets, and Bank of America upgraded its rating to “Buy.” The company also beat quarterly earnings estimates with an EPS of $3.04 versus an expected $2.83 and revenue of $461.6 million, showing strong institutional interest with significant stake additions from major investors.