Benzinga | Dec 20, 2021 02:44PM EST

Goldman Sachs Sees 14% Upside In RBC Bearings

* Goldman Sachs analyst Joe Ritchie initiated RBC Bearings Inc (NASDAQ: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.