Rexnord (RXN) Reports In-Line Q4 EPS, Q1 & FY16 Guidance Comes in Light

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Wedbush Downgrades Rexnord (RXN) to Neutral

May 21, 2015 7:50 AM EDT

Wedbush downgraded Rexnord (NYSE: RXN) from Outperform to Neutral with a price target of $27.00 (from $32.00) and removed the stock from their Best Ideas List.

Analyst David Rose commented, "Downgrading and removing from BIL as we see few catalysts over next year. Based on the... More