UPDATE: Citi Starts RBC Bearings (ROLL) at Neutral

(Updated - December 1, 2021 6:27 AM EST)

Citi analyst Timothy Thein initiates coverage on RBC Bearings (NASDAQ: ROLL) with a Neutral rating and a price target of $220.00.

The analyst comments "We are initiating coverage of ROLL with a Neutral rating and $220 target price.
We view the company as a high-quality premium industrial supplier with solid growth runway and multiple sources of competitive advantage that contribute to strong and stable margins and returns. Continued recovery in industrial and aerospace end markets, combined with the inclusion of the Dodge assets, should help to provide above-average earnings growth in coming years. That said, integrating the largest deal in company history at a time of elevated supply chain challenges could be difficult, and the stock’s significant valuation premium leaves little margin for error, in our view."

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 $201.25 yesterday.

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