RBC Bearings price target raised to $328 from $309 at Truist

Truist raised the firm’s price target on RBC Bearings (RBC) to $328 from $309 and keeps a Buy rating on the shares after its Q4 results. The mild y/y decline in the company’s Industrial segment was driven by strong comps as its backlog was worked down in the prior year, and the management expects moderate growth in FY25, the analyst tells investors in a research note. RBC’s Aero segment also remains strong, with Q1 revenue guidance 2.7% above the Street and with low-double-digit growth expected for the year, Truist states, adding that Boeing’s (BA) MAX disruption appears “minimal”.