Citi analyst Kyle Menges raised the firm’s price target on Regal Rexnord (RRX) to $240 from $230 and keeps a Buy rating on the shares. The firm adjusted ratings and targets in the machinery group as part of a Q1 preview. The North America truck market has improved over the last few months and Citi still favors companies with construction exposure over agriculture, the analyst tells investors in a research note.
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