Barclays Reinstates Regal Rexnord At Overweight, Sees 19% Upside

December 16, 2021 10:41 AM | 28 seconds read |

Barclays analyst Julian Mitchell reinstated his coverage on Regal Rexnord Corp RRX with an Overweight rating and a price target of $200, implying an upside of 19%.
The analyst views Regal as "one of the most interesting self-help stories" in the multi-industry sector.
Self-help is a critical attribute as industrial growth rates slow, and portfolio change remains a dominant theme, Mitchell notes.
Price Action: RRX shares are trading higher by 2.75% at $168.21 on the last check Thursday.