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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRX: