UPDATE: Morgan Stanley Reiterates on Regal-Beloit Ahead of Earnings Call

In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Equal-Weight rating on Regal-Beloit (NYSE: RBC ), but removed the $78.00 price target. In the report, Morgan Stanley noted, “RBC reported headline EPS of $0.97, excluding $1.65 of impairments, 4c of restructuring and 2c from transaction costs, which