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Fly News Breaks for November 23, 2018
RXN
Nov 23, 2018 | 07:15 EDT
Credit Suisse analyst John Walsh assumed coverage of Rexnord with Neutral rating, down from the firm's prior Outperform rating. Walsh, who set a $31 price target on Rexnord shares, thinks recent portfolio changes away from mining and oil and gas and toward a consumer focus have better positioned the company, but he does not see a near-term catalyst for the shares, he tells investors.
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