Wolfe Research analyst Nigel Coe downgraded Regal Rexnord (RRX) to Peer Perform from Outperform without a price target. Coe prefers large-cap quality, which has led to the downgrade of the firm’s SMID coverage, telling investors that while Regal Rexnord is cheap, they could remain on the sidelines until the Altra Industrial Motion (AIMC) deal closes.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on RRX:
- Regal Rexnord to explore alternatives for global motors, generators business
- Regal Rexnord Announces Successful First Phase Of Financing For Proposed Acquisition Of Altra
- REGAL REXNORD RATED INVESTMENT GRADE BY MOODY’S AND FITCH
- Regal Rexnord Corporation Declares Quarterly Dividend of $.35 per share.
