Barclays Maintains Overweight on Regal Rexnord, Lowers Price Target to $181
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Overweight rating on Regal Rexnord (NYSE:RRX) but lowers the price target from $199 to $181.
June 04, 2024 | 3:13 pm
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NEUTRAL IMPACT
Barclays analyst Julian Mitchell maintains an Overweight rating on Regal Rexnord but lowers the price target from $199 to $181.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns or adjustments in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100