Robert W. Baird reiterated coverage on Rexnord with a new price target
$RXN
Industrial Machinery/Components
Technology
Robert W. Baird reiterated coverage of Rexnord with a rating of and set a new price target of $52.00 from $43.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/10/2021 | $60.00 → $74.00 | Neutral → Buy | Goldman Sachs |
| 9/8/2021 | $60.00 → $72.00 | Overweight | Keybanc |
| 7/23/2021 | $54.00 → $60.00 | Neutral | Goldman |
| 7/22/2021 | $58.00 → $60.00 | Outperform | Oppenheimer |
BELOIT, Wis. & MILWAUKEE, Sept. 27, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced additional details regarding the anticipated completion of the combination of Regal and the Process & Motion Control ("PMC") Business of Rexnord. Under the terms of the transaction, Rexnord will spin-off the PMC Business by way of a pro rata dividend (the "Spin-Off Dividend") of all of the outstanding common stock of Rexnord's wholly owned subsidiary, Land Newco, Inc. ("Land"), the owner of the PMC Business, to Rexnord stockholders as of the record date for the dividend. Immediately following the spin-off Regal will acquire Land in a stock-for-stock
BELOIT, Wis. and MILWAUKEE, Sept. 17, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced additional details regarding the anticipated completion of the combination of Regal and the Process & Motion Control ("PMC") Business of Rexnord. Under the terms of the transaction, Rexnord will spin-off the PMC Business by way of a pro rata dividend (the "Spin-Off Dividend") of all of the outstanding common stock of Rexnord's wholly owned subsidiary, Land Newco, Inc. ("Land"), the owner of the PMC Business, to Rexnord stockholders as of the record date for the dividend. Immediately following the spin-off Regal will acquire Land in a stock-for-sto
BELOIT, Wis. and MILWAUKEE, Sept. 13, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced that they expect to complete the proposed combination of the Process & Motion Control Business of Rexnord with Regal through a Reverse Morris Trust transaction on October 4, 2021, subject to satisfaction or waiver of the applicable closing conditions. Following completion of the transactions, (a) Regal will change its name to "Regal Rexnord Corporation" and its shares of common stock will trade on the NYSE under the ticker symbol "RRX" and (b) Rexnord Corporation will change its name to "Zurn Water Solutions Corporation" and its shares of common s
S-8 - Zurn Water Solutions Corp (0001439288) (Filer)
8-K - Zurn Water Solutions Corp (0001439288) (Filer)
425 - Rexnord Corp (0001439288) (Subject)
4 - Zurn Water Solutions Corp (0001439288) (Issuer)
4 - Zurn Water Solutions Corp (0001439288) (Issuer)
4 - Zurn Water Solutions Corp (0001439288) (Issuer)
Goldman Sachs upgraded Rexnord from Neutral to Buy and set a new price target of $74.00 from $60.00 previously
Keybanc reiterated coverage of Rexnord with a rating of Overweight and set a new price target of $72.00 from $60.00 previously
Goldman reiterated coverage of Rexnord with a rating of Neutral and set a new price target of $60.00 from $54.00 previously
BELOIT, Wis. & MILWAUKEE, Sept. 27, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced additional details regarding the anticipated completion of the combination of Regal and the Process & Motion Control ("PMC") Business of Rexnord. Under the terms of the transaction, Rexnord will spin-off the PMC Business by way of a pro rata dividend (the "Spin-Off Dividend") of all of the outstanding common stock of Rexnord's wholly owned subsidiary, Land Newco, Inc. ("Land"), the owner of the PMC Business, to Rexnord stockholders as of the record date for the dividend. Immediately following the spin-off Regal will acquire Land in a stock-for-stock
BELOIT, Wis. and MILWAUKEE, Sept. 17, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced additional details regarding the anticipated completion of the combination of Regal and the Process & Motion Control ("PMC") Business of Rexnord. Under the terms of the transaction, Rexnord will spin-off the PMC Business by way of a pro rata dividend (the "Spin-Off Dividend") of all of the outstanding common stock of Rexnord's wholly owned subsidiary, Land Newco, Inc. ("Land"), the owner of the PMC Business, to Rexnord stockholders as of the record date for the dividend. Immediately following the spin-off Regal will acquire Land in a stock-for-sto
BELOIT, Wis. and MILWAUKEE, Sept. 13, 2021 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) and Rexnord Corporation (NYSE:RXN) today announced that they expect to complete the proposed combination of the Process & Motion Control Business of Rexnord with Regal through a Reverse Morris Trust transaction on October 4, 2021, subject to satisfaction or waiver of the applicable closing conditions. Following completion of the transactions, (a) Regal will change its name to "Regal Rexnord Corporation" and its shares of common stock will trade on the NYSE under the ticker symbol "RRX" and (b) Rexnord Corporation will change its name to "Zurn Water Solutions Corporation" and its shares of common s
SC 13G - Rexnord Corp (0001439288) (Subject)
SC 13G/A - Rexnord Corp (0001439288) (Subject)
SC 13G/A - Rexnord Corp (0001439288) (Subject)