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Fly News Breaks for September 28, 2015
ROLL
Sep 28, 2015 | 08:29 EDT
Global Hunter upgraded RBC Bearings to Buy from Accumulate and maintained its $69 price target on shares. Analyst Walt Liptak is incrementally more positive on RBC Bearings following a recent management call and believes Q2 2016 is tracing to forecast and that the Sargent acquisition is on track for incremental revenue in 2016. Liptak views the recent pullback in shares as a buying opportunity and upgraded shares due to the long-0term aerospace outlook and Sarget acquisition accretion.
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