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Benzinga
Benzinga
Business
Akanksha Bakshi

Barclays Reinstates Regal Rexnord At Overweight, Sees 19% Upside

  • Barclays analyst Julian Mitchell reinstated his coverage on Regal Rexnord Corp (NYSE:RRX) with an Overweight rating and a price target of $200, implying an upside of 19%.
  • The analyst views Regal as "one of the most interesting self-help stories" in the multi-industry sector.
  • Self-help is a critical attribute as industrial growth rates slow, and portfolio change remains a dominant theme, Mitchell notes.
  • Price Action: RRX shares are trading higher by 2.75% at $168.21 on the last check Thursday.
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