Here's Why Hold Strategy is Apt for RBC Bearings (RBC) Stock
RBC Bearings(RBC) ZACKS·2024-06-11 00:45
RBC Bearings Incorporated (RBC) is poised to gain from strength in the Aerospace/Defense segment and accretive acquisitions despite softness in the Industrial Segment and the rising cost of sales.What’s Aiding RBC?Business Strength: RBC Bearings is benefiting from the strong performance of the Aerospace/Defense segment. Strength in commercial aerospace, driven by the recovery in build rates from large OEMs (original equipment manufacturer), and stability in the aftermarket are driving the segment. Rising U. ...