- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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