Oppenheimer raised the firm’s price target on Rockwell Automation (ROK) to $304 from $258 and keeps an Outperform rating on the shares. The firm notes the company beat Q2 consensus on strong margin outperformance and raised FY25 EPS consensus midpoint 5% above the Street. Following faster year-to-date progress on cost-out, management commentary indicates back half margin conservatism in Oppenheimer’s view.
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