Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Regal Beloit Corporation

Share:
Related RBC
Earnings Scheduled For August 8, 2016
7 Biggest Price Target Changes For Tuesday

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Regal Beloit Corporation (NYSE: RBC), but lowered its price target from $77.00 to $74.00.

Jefferies noted, “RBC's Annual Investor & Analyst Day in NYC showed sales pressures persist and we expect the same through 1H13. End-market improvements and internal programs should then accelerate earnings. But in lowering our estimates, the acceleration is now off a lower earnings base.”

Regal Beloit Corporation closed on Tuesday at $68.55.

Latest Ratings for RBC

DateFirmActionFromTo
Aug 2016BMO CapitalDowngradesOutperformMarket Perform
May 2016Morgan StanleyDowngradesOverweightEqual-weight
May 2016KeyBancDowngradesOverweightSector Weight

View More Analyst Ratings for RBC
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (RBC)

View Comments and Join the Discussion!