Regal Rexnord price target lowered to $190 from $205 at Barclays

Barclays lowered the firm’s price target on Regal Rexnord (RRX) to $190 from $205 and keeps an Overweight rating on the shares as part of a Q4 preview for the multi-industry sector. The firm sees a slow start to the year amid sluggish organic sales growth and currency headwinds and notes investor expectations “are moving quickly, with cyclicals again somewhat out of favor.”