Regal-Beloit price target raised to $80 from $73 at RBC Capital After Regal-Beloit reiterated its 2015 financial targets, RBC Capital increased its target on the stock, as the firm thinks the company's margins can expand at the pace anticipated by Regal. The firm maintains an Outperform rating on the shares.
Emerson to sell Power Transmission Solutions unit to Regal-Beloit for $1.44B Emerson (EMR) announced that it has agreed to sell its Power Transmission Solutions business unit to Regal Beloit Corporation (RBC). The transaction is valued at $1.44B, representing cash proceeds of $1.4B plus assumption of certain postretirement liabilities, and is expected to close in the first calendar quarter of 2015, subject to regulatory approvals. Proceeds will be used for incremental share repurchase in fiscal 2015.