Barclays lowered the firm’s price target on Rockwell Automation to $245 from $250 and keeps an Underweight rating on the shares. The analyst expects a “more mixed” earnings season than normal for the multi-industry group, with a good spread of 2024 earnings guide cuts and raises. Multi-industry stocks have pulled back on a relative basis, “so a pure defensive stance may not make sense now,” the analyst tells investors in a research note.
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Read More on ROK:
- Rockwell Automation initiated with a Neutral at Redburn Atlantic
- Early notable gainers among liquid option names on June 25th
- Rockwell Automation price target lowered to $250 from $260 at Barclays
- Rockwell Automation collaborates with Nvidia to advance intelligent automation
- Rockwell Automation management to meet with Loop Capital
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