Keybanc Maintains Overweight on Regal Rexnord, Lowers Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Jeffrey Hammond maintains an Overweight rating on Regal Rexnord (NYSE:RRX) but lowers the price target from $184 to $148.
November 02, 2023 | 3:49 pm
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Regal Rexnord's price target has been lowered from $184 to $148 by Keybanc, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in the stock's value. However, the maintenance of the Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100