KeyBanc Reiterates Overweight Rating on Regal Rexnord Corp (RRX)

KeyBanc analyst Jeffrey Hammond reiterated an Overweight rating and $190.00 price target on Regal Rexnord Corp (NYSE: RRX).

The analyst commented, "Ahead of RRX's upcoming investor day on 9/17/24 (see details here), we reiterate our Overweight rating and $190 price target. While end markets remain challenged, we feel the analyst day will provide a positive catalyst for RRX shares, showcasing the meaningfully transformed (through organic and inorganic actions) portfolio's attractive LT EPS growth runway. Looking out, we continue to see shares re-rating higher as investors better appreciate the enhanced portfolio's LT EPS and deleveraging trajectory."

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

Shares of Regal Rexnord Corp closed at $149.00 yesterday.

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