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Stock impact report

Barclays Lifts Regal Rexnord Corporation (RRX) Price Target amid Robust Order Growth [Yahoo! Finance]

Regal Rexnord Corporation (RRX) 
Company Research Source: Yahoo! Finance
increased Regal Rexnord Corporation's (NYSE:RRX) price target to $165 from $161 while reiterating an Overweight rating. The positive stance is in response to what the research firm touts as data center exposure becoming increasingly material than expected. Barclays Lifts Regal Rexnord Corporation (RRX) Price Target amid Robust Order Growth Christian Lagerek/Shutterstock.com That was evident as the company confirmed a 10% order growth at the Baird 55th Annual Global Industrial Conference on November 12. An increased focus on data centers, the medical sector, and automation is driving growth. Likewise, it expects the data center business to double in the next two years, backed by a billion-dollar pipeline. Regal Rexnord is also experiencing tremendous growth in the provision of surgical robots and humanoids, amid impressive strides in the aerospace segment. “This year, we have booked about $30 million of humanoid-related orders with multiple OEM customers and are working on a $1 Show less Read more
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