Barclays raised the firm’s price target on Regal Rexnord (RRX) to $160 from $155 and keeps an Overweight rating on the shares. Coming out of earnings, the firm sees the risk/reward profile on SMID-cap short cycle industrial stocks as “more attractive than going in.”
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRX: