Barclays analyst Julian Mitchell lowered the firm’s price target on Rockwell Automation to $260 from $270 and keeps an Underweight rating on the shares. The company’s organic sales guidance helped to “de-risk” first half of 2024 earnings estimates, but the guided orders V shape “looks steep,” the analyst tells investors in a research note.
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Read More on ROK:
- Rockwell Automation price target lowered to $337 from $375 at Citi
- Rockwell Automation price target lowered to $265 from $270 at Mizuho
- Rockwell Automation sees FY24 EPS $12.00 – $13.50 , consensus $13.22
- Rockwell Automation reports Q4 EPS $3.64, consensus 3.45
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