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
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Read More on ROK:
- Rockwell Automation price target raised to $220 from $200 at Cowen
- 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
