RBC Bearings price target raised to $535 from $475 at KeyBanc

KeyBanc raised the firm’s price target on RBC Bearings (RBC) to $535 from $475 and keeps an Overweight rating on the shares. The firm continues to think RBC, a manufacturer of high precision bearings and engineered solutions for Industrial and Aerospace/Defense end markets, is one of the highest-quality operators on our list with a primarily U.S.-based business. KeyBanc is increasing its estimates on modestly higher sales, higher out-year margins, and a modestly lower tax rate.