Regal Rexnord stock ‘appears compelling’, says Loop Capital

Loop Capital analyst Chris Dankert keeps a Buy rating and $200 price target on Regal Rexnord but turning “incrementally bullish” on the stock after attending the company’s analyst event. While its near-term trends continue to weigh on results, the stock “appears compelling”, the analyst tells investors in a research note. Regal’s low-double-digit annual EPS growth target is seen as “highly achievable”, with more than half of this expansion being driven by controllable de-levering, while the remainder assumes “fairly modest” volume growth, the firm added.