RBC Capital Upgrades Regal Beloit (RBC) to Outperform

RBC Capital analyst Frank Morgan upgraded Regal Beloit (NYSE: RBC) from Sector Perform to Outperform with a price target of $535.00 (from $448.00).

The analyst comments "We are upgrading CHE to Outperform (from Sector Perform) and raising our PT to $535 (from $448), given the predictable demand in its two segments, as well as strong financial position and strong cash flow. The recent market pull-back provides an attractive entry point."

For an analyst ratings summary and ratings history on Regal Beloit click here. For more ratings news on Regal Beloit click here.

Shares of Regal Beloit closed at $67.84 yesterday.

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