Barclays analyst Julian Mitchell raised the firm’s price target on Rockwell Automation to $250 from $220 and keeps an Equal Weight rating on the shares. The company’s revised 2023 guidance "does not look too onerous," says the analyst.
Published first on TheFly
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Read More on ROK:
- Rockwell Automation sees FY23 EPS $10.70-$11.50, consensus $10.56
- Rockwell Automation reports Q1 EPS $1.98B, consensus $1.88
- Citi opens ‘positive 90-day catalyst watch’ on Rockwell Automation
- Rockwell Automation downgraded to Neutral at BofA on lack of visibility
- Rockwell Automation downgraded to Neutral from Buy at BofA
