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Fly News Breaks for January 29, 2020
RXN
Jan 29, 2020 | 08:18 EDT
As reported previously, Baird analyst Mircea Dobre upgraded Rexnord to Outperform from Neutral. The analyst noted the company demonstrated good execution in the choppy macro environment. He cited its de-levered balance sheet, update capital allocation roadmap,and its proven resilience in PMC along with upcoming catalysts as the reason for the upgrade. Dobre raised his price target to $42 from $36 on Rexnord shares.
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