Wells Fargo analyst Joseph O’Dea downgraded Rockwell Automation (ROK) to Equal Weight from Overweight with a price target of $345, down from $365. The firm sees uncertainty around the company achieving its margin targets from tariffs and the macro environment. It believes this will change valuation expansion for Rockwell following the stock’s relative strength.
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Read More on ROK:
- Rockwell Automation downgraded to Equal Weight from Overweight at Wells Fargo
- Rockwell Automation price target lowered to $363 from $371 at Oppenheimer
- Rockwell Automation price target raised to $380 from $370 at KeyBanc
- Rockwell Automation price target lowered to $357 from $370 at Barclays
- Strong Financial Performance and Strategic Improvements Drive Buy Rating for Rockwell Automation