Oppenheimer analyst Christopher Glynn raised the firm’s price target on Regal Rexnord (RRX) to $225 from $180 and keeps an Outperform rating on the shares. The firm notes the 12% share price appreciation reflected 190% orders growth at AMC on $635M of E-Pod orders, integrated power management solutions for data centers with about 40%-50% RRX content and RRX the solution integrator.
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