Regal Rexnord shares are trading lower after the company reported worse-than-expected Q3 financial results. Additionally, Keybanc maintained an Overweight rating on the stock but lowered its price target from $184 to $148.
Portfolio Pulse from Benzinga Newsdesk
Regal Rexnord's shares are trading lower following the company's disappointing Q3 financial results. Keybanc has maintained an Overweight rating on the stock but reduced its price target from $184 to $148.
November 02, 2023 | 6:44 pm
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Regal Rexnord's stock is trading lower due to disappointing Q3 results. Despite this, Keybanc maintains an Overweight rating but has lowered its price target.
Regal Rexnord's Q3 financial results were worse than expected, which has led to a decrease in the company's stock price. Keybanc's decision to lower its price target, despite maintaining an Overweight rating, further indicates potential short-term negative impact on the stock.
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IMPORTANCE 80
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