Shares of RBC Bearings (RBC) surged 5.35% during intraday trading on Friday, driven by a wave of positive analyst actions.
The significant move follows several major investment firms raising their price targets for the industrial components manufacturer. Morgan Stanley increased its target to $600 from $485 while maintaining an Overweight rating, and Truist Securities lifted its target to $599 from $542.
These substantial upward revisions reflect growing analyst confidence in the company's prospects and have fueled investor buying activity in the session.
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