Barclays Maintains Overweight on Regal Rexnord, Lowers Price Target to $199
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Overweight rating on Regal Rexnord (NYSE:RRX) and lowers the price target from $203 to $199.
May 08, 2024 | 6:54 pm
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Barclays maintains an Overweight rating on Regal Rexnord and lowers the price target from $203 to $199.
The adjustment in price target by Barclays reflects a slight change in valuation perspective, likely due to updated financial analysis or market conditions. However, maintaining an Overweight rating indicates a positive outlook on the stock, suggesting that the reduction in price target might not significantly impact investor sentiment in the short term.
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IMPORTANCE 75
RELEVANCE 100