BofA raised the firm’s price target on Rockwell Automation to $285 from $270 and keeps a Neutral rating on the shares ahead of the company reporting its fiscal Q4 earnings and guiding 2025 earnings in early November. The key for the quarter will be for Rockwell to provide guidance that is “conservative enough to reset expectations without raising concerns about structural issues with the business model,” argues the analyst, who sees about $8.50- $9.50 in adjusted EPS as “a reasonable starting point” for FY25.
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