RBC Bearings "Neutral," Target Price Raised

RBC Bearings "Neutral," Target Price Raised Analysts at Robert W Baird maintain their "neutral" rating on RBC Bearings Incorporated (ticker: ROLL). The target price has been raised from $38 to $39. In a research note published this morning, the analysts mention that the company has posted its 1Q08 EPS ahead of the estimates and the consensus. RBC Bearings¡¯ quarterly performance was highlighted by robust core and margin growth, the analysts say. The company¡¯s margin expansion efforts are on track and underlying business conditions are robust, Robert W Baird adds.