eARNING ANNOUNCED THIS MORNING - Regal-Beloit beats by $0.16, beats on revs (65.47 )
Reports Q1 (Mar) earnings of $0.98 per share, $0.16 better than the Thomson Reuters consensus of $0.82; revenues rose 14.4% year/year to $507.3 mln vs the $490.6 mln consensus.
Regal-Beloit upgraded earlier to Buy at KeyBanc Capital Mkts; tgt $83 (64.02 -1.45)
KeyBanc Capital Mkts upgraded RBC to Buy from Hold and sets target price at $83 saying they continue to appreciate the long-term value in RBC's franchise as secular migration toward a high efficiency product set matches up with a keen focus on productivity and a developing recovery across consumer and industrial end markets.
I WILL BE BUYER ON ANY WEAKNESS. PLEASE DO YOUR OWN HOME WORK
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May 4, 2010
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