Barclays lowered the firm’s price target on Rockwell Automation to $250 from $260 and keeps an Underweight rating on the shares. The analyst maintains a Neutral multi-industry sector view. The firm does not expect a rapid recovery in most end-markets that have been under pressure, but understands that the “ongoing thematic hype could keep multiples at elevated levels for some names.” It cut estimates on a number of companies.
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- Rockwell Automation management to meet with Loop Capital
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