The Fly

Rockwell Automation price target raised to $292 from $285 at Baird

Baird analyst Richard Eastman raised the firm’s price target on Rockwell Automation to $292 from $285 and keeps an Outperform rating on the shares. The analyst said its Q1 results were Goldilocks-like, with the company evading supply constraints to beat its guidance while again building backlog, holding cancellations steady and capturing Q/Q order growth on broader demand for industrial automation despite fading PMIs.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on ROK:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More