RBC Bearings (RBC) holds a competitive advantage because of a strong presence in the US amid global tariff turmoil, Deutsche Bank said Wednesday in a note, initiating coverage of the stock with a buy rating.
High China tariffs in particular would bolster earnings for RBC, which manufactures and markets precision-engineered bearings, components and systems for aerospace, defense and industrial sectors, the note said.
RBC is "well placed" to benefit from the electric vertical take-off and landing segment should that market expand, the note said.
Deutsche Bank has a $480 target price on RBC stock.
RBC shares rose 3% in recent Wednesday trading.
Price: 386.64, Change: +11.12, Percent Change: +2.96
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