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Rockwell Automation price target lowered to $280 from $304 at Baird

Baird analyst Richard Eastman lowered the firm’s price target on Rockwell Automation to $280 from $304 and keeps an Outperform rating on the shares. The firm said they posted a Q3 beat and is well-positioned to benefit from productivity investment, skills/labor support, ongoing manufacturing regionalization, sovereign priorities and need for resiliency, sustainability.

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