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Analysts Offer Insights on Industrial Goods Companies: Gates Industrial (GTES) and RBC Bearings (RBC)

Analysts fell to the sidelines weighing in on Gates Industrial (GTESResearch Report) and RBC Bearings (RBCResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Gates Industrial (GTES)

KeyBanc analyst Jeffrey Hammond maintained a Hold rating on Gates Industrial today. The company’s shares closed last Thursday at $12.53.

According to TipRanks.com, Hammond is a 5-star analyst with an average return of 10.7% and a 61.1% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Janus International Group, Advanced Drainage Systems, and A. O. Smith Corporation.

Gates Industrial has an analyst consensus of Moderate Buy, with a price target consensus of $19.00.

See today’s best-performing stocks on TipRanks >>

RBC Bearings (RBC)

KeyBanc analyst Steve Barger maintained a Hold rating on RBC Bearings today. The company’s shares closed last Thursday at $258.15.

According to TipRanks.com, Barger is ranked #383 out of 8707 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RBC Bearings with a $279.00 average price target.

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