Barclays raised the firm’s price target on Regal Rexnord to $190 from $180 and keeps an Overweight rating on the shares as part of a Q3 preview for the multi-industry group. The firm says 2025 entry rates and trends may matter more than the second half of 2024 updates. The industrial capex outlook looks sluggish, with bottoming residential trends, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRX:
Questions or Comments about the article? Write to editor@tipranks.com