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Recommendations
Regal Beloit price target raised to $150 from $125 at Barclays » 06:28
11/30/20
11/30
06:28
11/30/20
06:28
RBC

Regal Beloit

$122.22 /

+0.32 (+0.26%)

Barclays analyst Julian…

Barclays analyst Julian Mitchell raised the firm's price target on Regal Beloit to $150 from $125 and keeps an Overweight rating on the shares.

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RBC Regal Beloit
$122.22 /

+0.32 (+0.26%)

RBC Regal Beloit
$122.22 /

+0.32 (+0.26%)

11/18/20 KeyBanc
Regal Beloit price target raised to $130 from $115 at KeyBanc
10/12/20 KeyBanc
Regal Beloit price target raised to $110 from $100 at KeyBanc
08/05/20 Wells Fargo
Regal Beloit price target raised to $95 from $80 at Wells Fargo
06/01/20 Barclays
Barclays upgrades 'underappreciated' Regal Beloit to Overweight
RBC Regal Beloit
$122.22 /

+0.32 (+0.26%)

RBC Regal Beloit
$122.22 /

+0.32 (+0.26%)

Over a week ago
Periodicals
ABB unit draws interest from industry suitors, Reuters reports » 14:40
11/19/20
11/19
14:40
11/19/20
14:40
ABB

ABB

$26.86 /

-0.685 (-2.49%)

, TKR

Timken

$71.15 /

-0.41 (-0.57%)

, RBC

Regal Beloit

$119.16 /

+0.46 (+0.39%)

, RXN

Rexnord

$37.55 /

-0.35 (-0.92%)

ABB's (ABB) clutch…

ABB's (ABB) clutch and transmission manufacturer Dodge has already drawn interest from potential suitors before the Swiss engineering group said it was exiting the business, Reuters' Arno Schuetze and John Revill report, citing people familiar with the matter. Dodge is one of three units put up for sale, along with ABB's power conversion and turbocharger divisions, the authors note. Sever industry peers considered buying Dodge before it was formerly put on the selling block, and are anticipated to be in the running when ABB begins its auction in early 2021, the authors say, citing the sources. The unit has drawn interest from Timken (TKR), Regal Beloit (RBC), and Rexnord (RXN), the authors note. Reference Link

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TKR Timken
$71.15 /

-0.41 (-0.57%)

RBC Regal Beloit
$119.16 /

+0.46 (+0.39%)

ABB ABB
$26.86 /

-0.685 (-2.49%)

ABB ABB
$26.86 /

-0.685 (-2.49%)

10/26/20 JPMorgan
ABB price target raised to CHF 21.50 from CHF 20 at JPMorgan
10/26/20 Morgan Stanley
ABB price target raised to CHF 19.40 from CHF 18 at Morgan Stanley
08/20/20 Berenberg
ABB initiated with a Sell at Berenberg
07/24/20 RBC Capital
ABB price target raised to CHF 21 from CHF 20 at RBC Capital
TKR Timken
$71.15 /

-0.41 (-0.57%)

11/13/20 KeyBanc
Timken price target raised to $85 from $68 at KeyBanc
11/02/20 Citi
Timken initiated with a Buy at Citi
01/07/20 KeyBanc
NN, Inc. could 'benefit the most' from strategic divestiture, says KeyBanc
01/07/20 BofA
BofA double upgrades Timken to Buy, sees potential upside to $68
RBC Regal Beloit
$119.16 /

+0.46 (+0.39%)

11/18/20 KeyBanc
Regal Beloit price target raised to $130 from $115 at KeyBanc
10/12/20 KeyBanc
Regal Beloit price target raised to $110 from $100 at KeyBanc
08/05/20 Wells Fargo
Regal Beloit price target raised to $95 from $80 at Wells Fargo
06/01/20 Barclays
Barclays upgrades 'underappreciated' Regal Beloit to Overweight
RXN Rexnord
$37.55 /

-0.35 (-0.92%)

11/18/20 KeyBanc
Rexnord price target raised to $45 from $37 at KeyBanc
07/14/20 Deutsche Bank
Rexnord upgraded to Buy from Hold at Deutsche Bank
05/26/20 BofA
Rexnord downgraded to Neutral on valuation at BofA
05/26/20 BofA
Rexnord downgraded to Neutral from Buy at BofA
TKR Timken
$71.15 /

-0.41 (-0.57%)

RXN Rexnord
$37.55 /

-0.35 (-0.92%)

RBC Regal Beloit
$119.16 /

+0.46 (+0.39%)

ABB ABB
$26.86 /

-0.685 (-2.49%)

ABB ABB
$26.86 /

-0.685 (-2.49%)

Recommendations
Regal Beloit price target raised to $130 from $115 at KeyBanc » 07:49
11/18/20
11/18
07:49
11/18/20
07:49
RBC

Regal Beloit

$119.26 /

+0.04 (+0.03%)

KeyBanc analyst Jeffrey…

KeyBanc analyst Jeffrey Hammond raised the firm's price target on Regal Beloit to $130 from $115 and keeps an Overweight rating on the shares. Despite the "value" rotation to-date, the analyst continues to see runway for his cyclical and commercial foodservice names.

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RBC Regal Beloit
$119.26 /

+0.04 (+0.03%)

RBC Regal Beloit
$119.26 /

+0.04 (+0.03%)

10/12/20 KeyBanc
Regal Beloit price target raised to $110 from $100 at KeyBanc
08/05/20 Wells Fargo
Regal Beloit price target raised to $95 from $80 at Wells Fargo
06/01/20 Barclays
Barclays upgrades 'underappreciated' Regal Beloit to Overweight
06/01/20 Barclays
Regal Beloit upgraded to Overweight from Equal Weight at Barclays
RBC Regal Beloit
$119.26 /

+0.04 (+0.03%)

Over a month ago
Earnings
Regal Beloit reports Q3 normalized FFO 84c, consensus 81c » 17:06
10/28/20
10/28
17:06
10/28/20
17:06
RBC

Regal Beloit

$94.25 /

-0.18 (-0.19%)

Reports Q3 revenue…

Reports Q3 revenue $1.04B, consensus $1.07B. Month-to-date, through October 23, 2020, total SHO portfolio occupancy declined by approximately 30 basis points through October 23, 2020.

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RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

10/12/20 KeyBanc
Regal Beloit price target raised to $110 from $100 at KeyBanc
08/05/20 Wells Fargo
Regal Beloit price target raised to $95 from $80 at Wells Fargo
06/01/20 Barclays
Barclays upgrades 'underappreciated' Regal Beloit to Overweight
06/01/20 Barclays
Regal Beloit upgraded to Overweight from Equal Weight at Barclays
RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

Earnings
Regal Beloit sees FY20 adjusted EPS $5.45-$5.65, consensus $4.68  17:02
10/28/20
10/28
17:02
10/28/20
17:02
RBC

Regal Beloit

$94.25 /

-0.18 (-0.19%)

 
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RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

10/12/20 KeyBanc
Regal Beloit price target raised to $110 from $100 at KeyBanc
08/05/20 Wells Fargo
Regal Beloit price target raised to $95 from $80 at Wells Fargo
06/01/20 Barclays
Barclays upgrades 'underappreciated' Regal Beloit to Overweight
06/01/20 Barclays
Regal Beloit upgraded to Overweight from Equal Weight at Barclays
RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

Earnings
Regal Beloit sees Q4 adjusted EPS $1.46-$1.66, consensus $1.23  17:01
10/28/20
10/28
17:01
10/28/20
17:01
RBC

Regal Beloit

$94.25 /

-0.18 (-0.19%)

 
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RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

10/12/20 KeyBanc
Regal Beloit price target raised to $110 from $100 at KeyBanc
08/05/20 Wells Fargo
Regal Beloit price target raised to $95 from $80 at Wells Fargo
06/01/20 Barclays
Barclays upgrades 'underappreciated' Regal Beloit to Overweight
06/01/20 Barclays
Regal Beloit upgraded to Overweight from Equal Weight at Barclays
RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

Earnings
Regal Beloit reports Q3 adjusted EPS $1.73, consensus $1.20 » 16:59
10/28/20
10/28
16:59
10/28/20
16:59
RBC

Regal Beloit

$94.25 /

-0.18 (-0.19%)

Reports Q3 revenue…

Reports Q3 revenue $758.2M, consensus $704.21M. CEO Louis Pinkham commented, "Despite facing ongoing personal and professional challenges related to COVID, our Regal associates continued to execute a range of restructuring actions, and drive 80/20 deeper into our organization, resulting in significant operating income growth, margin expansion, and FCF generation - even as the top line faced COVID-related declines. (...) As I look across our segments, it's also encouraging to see more bright spots than in recent quarters, with two of our four segments - Climate and Commercial - returning to positive sales growth during the quarter, Industrial close to flat, and PTS significantly narrowing its rate of decline. The order story is also brighter, with growth rates turning positive in the quarter, and a recovery in the key N.A. general industrial market in PTS still to come. Notably, our N.A. residential HVAC business saw its orders rise almost 30% in September, with October up over 20%. I remain incredibly proud of how our Regal associates continue to execute, with a sense of urgency, to best serve our customers, improve profitability, sustain healthy FCF, and pursue strategic growth opportunities - many tied to improving safety and energy efficiency".

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RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

10/12/20 KeyBanc
Regal Beloit price target raised to $110 from $100 at KeyBanc
08/05/20 Wells Fargo
Regal Beloit price target raised to $95 from $80 at Wells Fargo
06/01/20 Barclays
Barclays upgrades 'underappreciated' Regal Beloit to Overweight
06/01/20 Barclays
Regal Beloit upgraded to Overweight from Equal Weight at Barclays
RBC Regal Beloit
$94.25 /

-0.18 (-0.19%)

Recommendations
Regal Beloit price target raised to $110 from $100 at KeyBanc » 07:04
10/12/20
10/12
07:04
10/12/20
07:04
RBC

Regal Beloit

$99.98 /

+0.215 (+0.22%)

KeyBanc analyst Jeffrey…

KeyBanc analyst Jeffrey Hammond raised the firm's price target on Regal Beloit to $110 from $100 and keeps an Overweight rating on the shares. Based on channel feedback, the analyst believes Residential HVAC momentum sustained through Q3, with both channel restocking and healthy end demand contributing. Tactically, given timing dynamics around the initial inflection, in which the sell-in versus sell-through lag wrapped around Q2/Q3, Hammond expects OEMs with less company-owned distribution to outperform those with heavier footprints.

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RBC Regal Beloit
$99.98 /

+0.215 (+0.22%)

RBC Regal Beloit
$99.98 /

+0.215 (+0.22%)

08/05/20 Wells Fargo
Regal Beloit price target raised to $95 from $80 at Wells Fargo
06/01/20 Barclays
Barclays upgrades 'underappreciated' Regal Beloit to Overweight
06/01/20 Barclays
Regal Beloit upgraded to Overweight from Equal Weight at Barclays
05/18/20 Oppenheimer
Regal Beloit upgraded to Outperform from Perform at Oppenheimer
RBC Regal Beloit
$99.98 /

+0.215 (+0.22%)

Over a quarter ago
Recommendations
Regal Beloit price target raised to $95 from $80 at Wells Fargo » 08:35
08/05/20
08/05
08:35
08/05/20
08:35
RBC

Regal Beloit

$92.79 /

-2.26 (-2.38%)

Wells Fargo analyst…

Wells Fargo analyst Allison Poliniak-Cusic raised the firm's price target on Regal Beloit to $95 from $80 and keeps an Equal Weight rating on the shares. The analyst notes that RBC reported a solid earnings "beat," largely on the back of better operating execution at the margin.

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RBC Regal Beloit
$92.79 /

-2.26 (-2.38%)

RBC Regal Beloit
$92.79 /

-2.26 (-2.38%)

06/01/20 Barclays
Barclays upgrades 'underappreciated' Regal Beloit to Overweight
06/01/20 Barclays
Regal Beloit upgraded to Overweight from Equal Weight at Barclays
05/18/20 Oppenheimer
Regal Beloit upgraded to Outperform from Perform at Oppenheimer
05/14/20 KeyBanc
KeyBanc upgrades Regal Beloit to Overweight, suggests more short-cycle exposure
RBC Regal Beloit
$92.79 /

-2.26 (-2.38%)

Earnings
Regal Beloit sees Q3 sales down 8%-12% y/y, consensus $665.86M » 16:29
08/03/20
08/03
16:29
08/03/20
16:29
RBC

Regal Beloit

$94.80 /

+3.05 (+3.32%)

For the third quarter of…

For the third quarter of 2020, the company expects its net sales to decline between 8%-12% compared to the prior year, and for deleverage on net sales to fall in a range of 12-18%. This framework reflects the company's cost initiatives, current backlog, July results, and estimated demand levels over the next two months, and does not take into consideration any significant changes in the global spread of, and government reactions to COVID-19. In light of continued uncertainty created by the COVID-19 pandemic, in particular as it relates to the demand environment for the company's products, combined with the inherently short-cycle nature of its business, which results in limited backlog, the company feels it is not currently in a position to provide useful forward looking commentary beyond the third quarter.

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RBC Regal Beloit
$94.80 /

+3.05 (+3.32%)

RBC Regal Beloit
$94.80 /

+3.05 (+3.32%)

06/01/20 Barclays
Barclays upgrades 'underappreciated' Regal Beloit to Overweight
06/01/20 Barclays
Regal Beloit upgraded to Overweight from Equal Weight at Barclays
05/18/20 Oppenheimer
Regal Beloit upgraded to Outperform from Perform at Oppenheimer
05/14/20 KeyBanc
KeyBanc upgrades Regal Beloit to Overweight, suggests more short-cycle exposure
RBC Regal Beloit
$94.80 /

+3.05 (+3.32%)

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