Loop Capital raised the firm’s price target on Rockwell Automation (ROK) to $290 from $280 and keeps a Hold rating on the shares. The firm cites the magnitude of the Q2 earnings beat, a modest turn in several discrete markets, and greater conviction in the margin backdrop, adding that while automotive remains a risk, other markets appear to be inflecting and supporting y/y sales growth into Q3, the analyst tells investors in a research note.
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