RBC Bearings "Neutral," Target Price Raised


Analysts at Robert W Baird maintain their "neutral" rating on RBC Bearings Incorporated (ticker: ROLL). The target price has been raised from $38 to $39.

In a research note published this morning, the analysts mention that the company has posted its 1Q08 EPS ahead of the estimates and the consensus. RBC Bearings’ quarterly performance was highlighted by robust core and margin growth, the analysts say. The company’s margin expansion efforts are on track and underlying business conditions are robust, Robert W Baird adds.

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