UBS last night downgraded Rockwell Automation (ROK) to Neutral from Buy with a price target of $313, down from $325, after assuming coverage of the name. The company reset expectations but visibility remains low, the analyst tells investors in a research note.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROK:
- Rockwell Automation initiated with an Outperform at Exane BNP Paribas
- Rockwell Automation downgraded to Neutral from Buy at UBS
- Rockwell Automation price target lowered to $273 from $282 at Deutsche Bank
- Rockwell Automation price target raised to $255 from $245 at Barclays
- Rockwell Automation price target raised to $290 from $280 at Baird