Mizuho raised the firm’s price target on Rockwell Automation to $270 from $245 and keeps a Neutral rating on the shares. The firm recalibrated several electrical equipment and multi-industry models for seasonality and trend data ahead of the Q3 earnings season to reflect corporate feedback, portfolio updates, channel checks, and related incoming data. The target increase is largely driven by increased group valuations driving up the entire complex, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROK:
- Rockwell Automation price target raised to $275 from $260 at Stephens
- Rockwell Automation price target raised to $251 from $227 at JPMorgan
- Rockwell Automation named short-term buy idea at Deutsche Bank
- Rockwell Automation initiated with an Overweight at Morgan Stanley
- Rockwell Automation announces $1B share repurchase program