Truist analyst Michael Ciarmoli raised the firm’s price target on RBC Bearings (RBC) to $471 from $455 and keeps a Buy rating on the shares. The company’s Q3 results beat expectations across the board, organic revenue growth accelerated, and industrial gross margins hit an all-time high, jumping over 200bps sequentially despite the sequentially lower revenue, the analyst tells investors in a research note. The OEM contract renewals should also immediately provide a boost to gross margins commencing in 2026, the firm added.
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