Morgan Stanley raised the firm’s price target on Rockwell Automation (ROK) to $335 from $320 and keeps an Overweight rating on the shares. While U.S. Industrials can broadly benefit from the policies of a Trump Presidency, the firm contends that Rockwell “stands out” as the company is hitting the opportunity from a trough, compounding the rate of change and bringing the sharpest next twelve months acceleration across U.S. Industrials.
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Read More on ROK:
- Rockwell Automation assumed with Neutral from Buy at UBS
- 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
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