Information Provided By:
Fly News Breaks for May 10, 2017
RBC
May 10, 2017 | 07:50 EDT
Credit Suisse analyst Julian Mitchell raised his price target for Regal Beloit to $88 from $81 following Q1 earnings. The analyst believes that Regal Beloit remains one of the few "short-cycle" names in his space with potential for further sequential revenue improvement and margin expansion that is underappreciated by the market. The analyst notes that although the stock is no longer quite as cheap as it was 3-6 months ago, exaggerated structural concerns for the company keep the valuation attractive relative to peers. He reiterates an Outperform rating on the shares.
News For RBC From the Last 2 Days
There are no results for your query RBC