Barclays Maintains Overweight on Regal Rexnord, Lowers Price Target to $180
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Overweight rating on Regal Rexnord (NYSE:RRX) but lowers the price target from $181 to $180.
August 02, 2024 | 3:30 pm
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Barclays analyst Julian Mitchell maintains an Overweight rating on Regal Rexnord but lowers the price target from $181 to $180.
The Overweight rating suggests a positive outlook, but the slight reduction in the price target indicates a minor adjustment in expectations. This is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100