JPMorgan analyst Stephen Tusa keeps a negative view on Rockwell Automation with an Underweight rating and $254 price target. The company insinuated at a recent conference that it would be at the low end of its annual earnings guidance range, while reiterating the Q2 outlook, the analyst tells investors in a research note. The firm remains 10% below consensus estimates for fiscal 2024 and 2025. Rockwell “has proven to have little visibility and taking guidance slides away that were provided a month ago reinforces this dynamic,” says the firm.
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