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Fly News Breaks for May 11, 2016
RBC
May 11, 2016 | 07:58 EDT
Morgan Stanley analyst led by Nigel Coe downgraded Regal Beloit to Equal Weight and reduced its price target to $62 from $65 following the "sizeable" Q1 miss and guidance cut. The analyst believes there will be persistent concerns around the 2016 plan and achievability given its back-end loaded.
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