Loop Capital raised the firm’s price target on Regal Rexnord to $185 from $145 and keeps a Buy rating on the shares after its Q4 earnings beat. Destocking and “squishy” end demand remain headwinds during early 2024, but Regal continues to execute on its synergy savings plan while robust free cash flow and a laser focus on debt repayment are expected to bring net leverage down, the analyst tells investors in a research note.
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Read More on RRX:
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