Barclays analyst Julian Mitchell lowered the firm’s price target on Rockwell Automation to $269 from $280 and keeps an Underweight rating on the shares post the fiscal Q1 report. The multiple will likely rebound on the shoring / secular narrative, but numbers will likely continue to not support this narrative, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ROK: