Barrington Reiterates Outperform on Regal-Beloit

Barrington is out with its report today on Regal-Benoit RBC, reiterating Outperform. In its report, Barrington writes, "We reiterate our OUTPERFORM rating following the AOS EPC acquisition. We continue to believe that RBC is an attractive investment due to the low valuation relative to the quality of the company management and business strategy. We believe that RBC's long-term (five-year) EPS growth rate should be at least 12% as a result of management's actions to grow the company." Barrington maintains an $80 PT on RBC. At the time of posting, shares of RBC were trading at $50.32, up 0.04% from Tuesday's close.