Regal Rexnord price target raised to $145 from $110 at Citi

Citi analyst Kyle Menges raised the firm’s price target on Regal Rexnord (RRX) to $145 from $110 and keeps a Buy rating on the shares. The firm updated the company’s model post the Q1 report. Management continues to expect to neutralize tariff impacts on a cost basis in 2025, the analyst tells investors in a research note. The firm views the Q1 as solid.