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Fly News Breaks for November 8, 2016
RXN
Nov 8, 2016 | 07:49 EDT
Baird analyst Mig Dobre upgraded Rexnord to Outperform from Neutral following management's presentation of its growth plans over the next 3-5 years while acknowledging difficult end-market conditions over the past three years. The analyst noted shares have lagged and with lowered expectations and valuation and a sound long-term strategy, he sees opportunity at current levels. Dobre has a $21 price target on Rexnord shares.
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