Citi lowered the firm’s price target on Rockwell Automation to $337 from $375 and keeps a Buy rating on the shares. The analyst says uncertainty pertaining to demand and channel normalization/inventory right sizing led to a more cautious fiscal 2024 organic growth guidance by Rockwell.
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Read More on ROK:
- 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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- Rockwell Automation (ROK) Q4 Earnings Cheat Sheet
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