Regal Rexnord Co. (NYSE:RRX – Get Free Report) shares reached a new 52-week low during mid-day trading on Monday after Barclays lowered their price target on the stock from $176.00 to $160.00.
Regal Rexnord has continued to see destocking and weak end-markets undermine financial performance, with Q4'24 results showing another organic revenue decline and limited margin leverage.
Barclays analyst Julian Mitchell maintained a Buy rating on Regal Rexnord (RRX – Research Report) today and set a price target of $160.00. The company’s shares closed last Friday at $122.62.
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