Loop Capital has revised its price target for Regal Rexnord (RRX, Financial), decreasing it from $200 to $160, while maintaining a Buy rating on the stock. This adjustment is part of a comprehensive analysis of the industrial sector by the firm.
The analyst's assessment points to a slight decline in end-market demand for Regal Rexnord. However, this dip is being effectively counterbalanced by favorable foreign exchange movements observed over recent months.
Additionally, the company has announced initial price increases and is anticipating further hikes, which are expected to mitigate the current demand softness. These strategic measures by Regal Rexnord help sustain Loop Capital's positive outlook on the company's shares.
