Citi opens ‘positive 90-day catalyst watch’ on Rockwell Automation

Citi analyst Andrew Kaplowitz opened a "positive 90-day catalyst watch" on shares of Rockwell Automation into the company’s Q4 results. Despite mounting macro uncertainties and increased investor focus on the potential for an economic downturn in the near-term, the Q4 results for diversified industrials "should reflect still generally favorable underlying trends across a relatively broad range of industrial end markets and support our expectation for still positive growth trends" in 2023, Kaplowitz tells investors in a research note. His top picks into the quarter are Rockwell, Ingersoll-Rand (IR) and Emerson Electric (EMR).