JPMorgan analyst Stephen Tusa raised the firm’s price target on Rockwell Automation (ROK) to $357 from $320 and keeps a Neutral rating on the shares as part of a Q3 earnings preview for the electrical equipment and multi-industry sector. The firm is a “bit more cautious” in the near term on the group but says valuation setup “is now at least more attractive.” JPMorgan is “leaning more towards value plays with negative positioning” into the quarter.
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