Rockwell Automation price target raised to $300 from $285 at Barclays

Barclays raised the firm’s price target on Rockwell Automation (ROK) to $300 from $285 and keeps an Equal Weight rating on the shares following the earnings report. The stock is unlikely to underperform in the early stages of a cyclical upturn, but the valuation “means we struggle to justify major upside,” the analyst tells investors in a research note.