Barclays analyst Julian Mitchell raised the firm’s price target on Regal Rexnord (RRX) to $165 from $161 and keeps an Overweight rating on the shares. The company’s data center exposure is becoming more material than expected, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRX: