Cowen analyst Joseph Giordano raised the firm’s price target on Rockwell Automation to $220 from $200 and keeps an Underperform rating on the shares. The analyst said its results were largely in line with our thoughts heading into its print. With a beat well anticipated and seeming somewhat manufactured given it was driven mostly by software margins that were guided way down last quarter.
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Published first on TheFly
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Read More on ROK:
- Rockwell Automation price target raised to $292 from $285 at Baird
- Rockwell Automation price target raised to $260 from $250 at Mizuho
- Rockwell Automation price target raised to $250 from $220 at Barclays
- Rockwell Automation sees FY23 EPS $10.70-$11.50, consensus $10.56
- Rockwell Automation reports Q1 EPS $1.98B, consensus $1.88