Goldman Sachs Starts Regal Beloit (RBC) at Buy

Goldman Sachs analyst Joe Ritchie initiates coverage on Regal Beloit (NYSE: RBC) with a Buy rating and a price target of $95.00.

The analyst believes SMID industrials are setting up for a strong finish to FY 2018. He says RBC has a good mix of cyclical and stable end markets such as HVAC coupled with self-help from cost-outs, portfolio pruning and balance sheet deployment.

For an analyst ratings summary and ratings history on Regal Beloit click here. For more ratings news on Regal Beloit click here.

Shares of Regal Beloit closed at $83.05 yesterday.

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