Morgan Stanley Sees Signs of Life for Regal-Beloit Corporation

In a report published Wednesday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating and $78.00 price target on

. In the report, Morgan Stanley noted, “The quarter was messy – again. And the stock underperformed – again. But signs of life on easing comps (and weather), leaves room for some optimism, although 1Q14 is shaping up as another Q/Q step down. We reiterate EW given balanced risk/reward vs. our $78 target price.” Regal-Beloit Corporation closed on Tuesday at $70.85.