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Fly News Breaks for October 24, 2016
RXN
Oct 24, 2016 | 05:45 EDT
Barclays analyst Scott Davis upgraded Rexnord to Overweight after raising the U.S. Multi-Industry sector to Positive from Neutral. The negative earnings revision cycle is nearing an end and the recent pullback in the shares has created an attractive entry point, Davis tells investors in a research note. He raised his price target for Rexnord to $26 from $20.
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