Barclays Maintains Overweight on Regal Rexnord, Raises Price Target to $203
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell has maintained an Overweight rating on Regal Rexnord (NYSE:RRX) and increased the price target from $200 to $203.
April 02, 2024 | 6:41 pm
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POSITIVE IMPACT
Barclays has maintained an Overweight rating on Regal Rexnord and raised the price target from $200 to $203.
The increase in price target by a reputable analyst like Julian Mitchell from Barclays signals a strong confidence in Regal Rexnord's future performance. This is likely to be viewed positively by the market, potentially leading to a short-term increase in RRX's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100