Barclays analyst Julian Mitchell lowered the firm’s price target on Rockwell Automation (ROK) to $280 from $285 and keeps an Equal Weight rating on the shares. The firm adjusted targets in the multi-industry group as part of a Q1 preview. It sees revenue and margin pressure alongside lower investor expectations.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROK:
- Rockwell Automation price target lowered to $285 from $300 at Barclays
- Sell Recommendation for Rockwell Automation Amidst Uncertain Market Conditions and Declining Revenue Trends
- Rockwell Automation price target raised to $280 from $260 at Loop Capital
- Rockwell Automation price target raised to $345 from $335 at Morgan Stanley
- Rockwell Automation (ROK) Wins Analyst Enthusiasm, Post Q1 Results