Baird raised the firm’s price target on Regal Rexnord to $198 from $166 and keeps an Outperform rating on the shares. The firm said they reported solid 4Q results amidst a tough revenue backdrop and initial 2024 guidance that was largely consistent with expectations reflecting a conservative approach, with upside levers.
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Read More on RRX:
- Regal Rexnord Q4 Financial Results Conference Call Announcement
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- Regal Rexnord reports Q4 adjusted EPS $2.28, consensus $2.24
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