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RXN

Rexnord

$24.31

0.205 (0.85%)

16:28
10/30/18
10/30
16:28
10/30/18
16:28

Rexnord raises 2019 net income outlook to $147M-$154M

Raised adjusted EBIDTA outlook to $433M-$443M. The company said, "We are increasing our outlook for our fiscal 2019. Our execution continues to be very sharp, demand trends are favorable, and we have great confidence in our ability to manage the price/cost equation. Our revised outlook includes net income from continuing operations to be in a range of $147 million to $154 million, our Adjusted EBITDA to be in a range of $433 million to $443 million, and our free cash flow to exceed net income. We also expect our core growth to be toward the upper end of the mid-single digit range for the year. We believe our improved outlook balances our solid execution in the first six months of our fiscal year with a prudent approach to forecasting the remaining six months."

  • 31

    Oct

RXN Rexnord
$24.31

0.205 (0.85%)

10/02/18
GSCO
10/02/18
INITIATION
Target $31
GSCO
Neutral
Rexnord initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Joe Ritchie initiated Rexnord with a Neutral rating and a price target of $31 as part of his broader research note on SMID industrials that are "setting up for strong end to 2018". The analyst says the stock features a "balanced construction/general industrial mix", particularly as it relates to leverage to replacement demand in non residential construction. Ritchie expects organic growth of 5% in FY19 and 4% in FY20, but also believes that the shares are fully valued and improvement going forward will slow down.
02/15/18
LEHM
02/15/18
INITIATION
Target $30
LEHM
Equal Weight
Rexnord initiated with an Equal Weight at Barclays
Barclays analyst Julian Mitchell started Rexnord with an Equal Weight rating and $30 price target. The analyst initiated 24 Multi-Industry companies with a Neutral sector view.
02/08/18
OPCO
02/08/18
UPGRADE
Target $33
OPCO
Outperform
Rexnord upgraded to Outperform following recent pullback at Oppenheimer
Oppenheimer analyst Jim Giannakouros upgraded Rexnord to Outperform from Perform with a $33 price target. The analyst likes Rexnord's prospects for growth acceleration and "enhanced" margin progression following its "upbeat" earnings call and guidance. He sees the shares continuing to appreciate over the intermediate term and recommends taking advantage of the recent pullback.
02/08/18
OPCO
02/08/18
UPGRADE
OPCO
Outperform
Rexnord upgraded to Outperform from Perform at Oppenheimer

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NVLN

Novelion Therapeutics

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LMT

Lockheed Martin

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ONCS

OncoSec

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TNXP

Tonix Pharmaceuticals

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SPX

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SPDR S&P 500 ETF Trust

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ATIS

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APEN

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LQDA

Liquidia Technologies

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V

Visa

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ANFI

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