Barclays lowered the firm’s price target on Rockwell Automation to $260 from $265 and keeps an Underweight rating on the shares post the earnings report. Rockwell is managing the sales shortfall in a “nimble and rapid fashion” in terms of cost control, which suggests the new-found emphasis on margins will persist, the analyst tells investors in a research note.
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Read More on ROK:
- Rockwell Automation CFO Nicholas Gangestad to Retire
- Rockwell Automation sees FY24 EPS $10.00 – $11.00 consensus $11.92
- Rockwell Automation reports Q2 EPS $2.50, consensus $2.16
- Notable companies reporting before tomorrow’s open
- Rockwell Automation to open new manufacturing facility in Chennai, India
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