Jefferies initiated coverage of Regal Rexnord (RRX) with a Buy rating and $215 price target The firm sees a recovery in manufacturing sentiment, bolstered by the potential for lower interest rates, reduced corporate taxes, and deregulation. In the context of this view, the analyst says Regal Rexnord has been diversifying into “a top-tier industrial” with a clear path to 40% gross margins. Stronger underlying growth and tailwinds from delevering should drive mid-teens EPS growth through 2027, the analyst tells investors.
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Read More on RRX:
- Regal Rexnord management to meet with Oppenheimer
- Regal Rexnord price target raised to $205 from $190 at Barclays
- Regal Rexnord price target raised to $210 from $185 at Seaport Research
- Regal Rexnord price target lowered to $208 from $223 at Baird
- Regal Rexnord Shows Resilient Q3 Amid Market Challenges
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
