Barclays analyst Julian Mitchell raised the firm’s price target on Rockwell Automation to $262 from $250 and keeps an Equal Weight rating on the shares. Rockwell delivered the highest organic sales growth in the sector in Q1, but the weakest orders performance year-over-year to date, the analyst tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ROK:
- Rockwell raises FY23 adjusted EPS view to $11.50-$12.20 from $10.70-$11.50
- Rockwell Automation reports Q2 adjusted EPS $3.01, consensus $2.61
- Rockwell Automation, Doosan to partner on automation solutions
- ROK Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Rockwell Automation price target raised to $273 from $272 at Deutsche Bank
