William Blair Resumes RBC Bearings (RBC) at Outperform

William Blair analyst Ross Sparenblek resumes coverage on RBC Bearings (NYSE: RBC) with a Outperform rating.

The analyst comments "We are resuming coverage of RBC Bearings with an Outperform rating. RBC stands out as the premier supplier of highly engineered bearings, gears, and drives, benefiting from robust tailwinds including government stimulus (IIJA, IRA, CHIPS Act), reshoring, and ramping production across aerospace and defense (A&D). RBC appears set to exceed consensus over the next 24 months, led by green shoots in emerging industrial growth markets, OEM share gains, and A&D operating leverage. The company has executed remarkably well following the transformational acquisition of Dodge in November 2021, where we see numerous levers for further synergy. Furthermore, having rapidly delevered, RBC is poised to return to the market for M&A, with a healthy pipeline of bolt-on and large corporate orphan assets."

For an analyst ratings summary and ratings history on RBC Bearings click here. For more ratings news on RBC Bearings click here.

Shares of RBC Bearings closed at $287.90 yesterday.

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