In a report published Wednesday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $78.00 price target on Regal-Beloit Corporation RBC.
In the report, Morgan Stanley noted, “The quarter was messy – again. And the stock underperformed – again. But signs of life on easing comps (and weather), leaves room for some optimism, although 1Q14 is shaping up as another Q/Q step down. We reiterate EW given balanced risk/reward vs. our $78 target price.”
Regal-Beloit Corporation closed on Tuesday at $70.85.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in