Regal Rexnord shares are trading higher after Wolfe Research upgraded the stock from Peer Perform to Outperform and announced a $151 price target.
Portfolio Pulse from Benzinga Newsdesk
Regal Rexnord's stock (RRX) has seen an uptick in trading after Wolfe Research upgraded its rating from Peer Perform to Outperform, with a new price target set at $151.

December 11, 2023 | 8:01 pm
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Wolfe Research upgraded Regal Rexnord from Peer Perform to Outperform and set a price target of $151, indicating a positive outlook for the stock.
Analyst upgrades typically lead to a positive short-term reaction in a stock's price as market participants adjust their expectations based on the new information. The upgrade by Wolfe Research, coupled with a significant price target of $151, suggests a strong vote of confidence in Regal Rexnord's future performance, which is likely to be reflected in investor sentiment and potentially in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100