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Fly News Breaks for August 15, 2019
RXN
Aug 15, 2019 | 07:11 EDT
Deutsche Bank analyst Nicole DeBlase last night initiated coverage of Rexnord with a Hold rating and $29 price target. The analyst sees downside risk to consensus estimates given the company's "heavy reliance" on capex and U.S. non-residential construction trends, "areas where trends continue to deteriorate."
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