Barclays analyst Julian Mitchell lowered the firm’s price target on Regal Rexnord to $170 from $196 and keeps an Overweight rating on the shares. The analyst says the stock “should be fairly de-risked now” following the earnings report.
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Read More on RRX:
- Regal Rexnord falls -15.3%
- Regal Rexnord price target lowered to $148 from $184 at KeyBanc
- Regal Rexnord cuts FY adjusted EPS view to $9.05-$9.25 from $10.20-$10.60
- Regal Rexnord reports Q3 adjusted EPS $2.10, consensus $2.50
- REGAL REXNORD REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS, INCLUDING STRONG FREE CASH FLOW
