Seaport Research raised the firm’s price target on Regal Rexnord (RRX) to $210 from $185 and keeps a Buy rating on the shares. The stock is outperforming other diversified industrials due to the company’s transformation into a high quality diversified industrial company, the analyst tells investors. Looking into 2025, the firm believes Trump’s win should be a positive for the company’s general industrial and discrete automation sales.
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