KeyBanc raised the firm’s price target on Rockwell Automation (ROK) to $330 from $275 and keeps an Overweight rating on the shares. The firm notes that the shares outperformed following the company’s Q2 beat, driven by stronger margins and solid execution from operational excellence initiatives. On the call, management cited stable order momentum across most of its served end markets with book-to-bill expected to remain at about 1.0-turn for the remainder of the year, KeyBanc adds.
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Read More on ROK:
- Cautious Hold Rating for Rockwell Automation Amid Project Delays and Market Uncertainties
- Rockwell Automation: Balancing Strong Performance with Sector Challenges and Uncertain Macroeconomic Environment
- Rockwell Automation upgraded to Neutral from Underweight at JPMorgan
- Rockwell Automation Reports Q2 2025 Financial Results
- Rockwell Automation’s Earnings Call: Mixed Sentiments and Strategic Growth
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