- Goldman Sachs analyst Joe Ritchie initiated RBC Bearings Inc ROLL with a Neutral rating and a price target of $217, implying an upside of 14%.
- The analyst noted the company is "well-poised" to compound value over time with the recent acquisition of Dodge.
- However, expectations "appear to be baking in a lot of the opportunity," and RBC Bearings now has limited balance sheet optionality in the medium-term, mentions Ritchie.
- He sees attractive fundamentals but a balanced risk/reward for RBC Bearings shares.
- Price Action: ROLL shares are trading lower by 4.70% at $190.90 on the last check Monday.
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