KeyBanc Reiterates Buy on RBC Bearings

Resource from: CBCC Likes:2954

Jan 07,2008

KeyBanc Reiterates Buy on RBC Bearings KeyBanc reiterates its Buy rating and $48 price target on RBC Bearings. The firm said that recent volatility in RBC's stock has created opportunities for both long- and short-term investors. On a longer-term basis, however, KeyBanc believes RBC can "grow its aeropsapce business at a double-digit pace for at least the next five years." Given several positive market catalysts, the firm said "we believe the aforementioned volatility is more driven by macroeconomic concerns rather than company-specific issues." RBC Bearings Incorporated engages in the manufacture and marketing of precision plain, roller, and ball bearings primarily in the United States.

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