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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 08:55 EDT
Wells Fargo analyst Allison Poliniak-Cusic raised her price target for Regal Beloit to $90 from $75 as she believes turnaround story is moving "swiftly." The analyst notes that Q4 EPS results were largely in line with expectations, but top-line challenges accelerated, offsetting improved operating execution and margin performance which could have led to a larger "beat." Nonetheless, shares reacted positively likely to management's swift and decisive actions to strengthen the foundation of their core business, she adds. The analyst has an Equal Weight rating on the shares.
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