RBC Bearings price target raised to $235 from $225 at Wells Fargo

Wells Fargo analyst Allison Poliniak-Cusic raised the firm’s price target on RBC Bearings to $235 from $225 and keeps an Equal Weight rating on the shares. Strong Aero with moderating Industrial is directionally consistent with expectations, while margin better than expected, the firm notes. With Industrial 69% of revenue, Wells looks for signs of re-acceleration to potentially get more constructive.