Analyst Christopher Snyder from Morgan Stanley maintained a Buy rating on Rockwell Automation (ROK – Research Report) and keeping the price target at $335.00.
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Christopher Snyder has given his Buy rating due to a combination of factors including Rockwell Automation’s stronger than expected financial performance in the first quarter. The company reported earnings per share that surpassed both consensus estimates and Morgan Stanley’s expectations, indicating robust profit margins and strong order growth.
Additionally, Rockwell Automation’s ability to exceed market expectations regarding quarterly orders showcases its potential to meet future sales targets. The company’s improved operating margins, notably in the Software & Control segment, further support the positive outlook and suggest potential upside in margins for the fiscal year 2025.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $345.00 price target.