Regal-Beloit (RBC) Misses Q1 EPS by 12c, Guides Below the Street

Go back to Regal-Beloit (RBC) Misses Q1 EPS by 12c, Guides Below the Street

KeyBanc Downgrades Regal Beloit (RBC) to Sector Weight

May 10, 2016 6:48 AM EDT

KeyBanc downgraded Regal Beloit (NYSE: RBC) from Overweight to Sector Weight and removed its price target. The change follows the release of Q1 results. Analyst Jeffrey D. Hammond is concerned the stock could be a value trap.

"We are downgrading RBC to Sector... More