KeyBanc raised the firm’s price target on Rockwell Automation (ROK) to $360 from $345 and keeps an Overweight rating on the shares following an eventful Q1 earnings season and the firm’s recent Industrials and Basic Materials Conference in Boston. While broader macro uncertainty remains elevated amid highly fluid global trade dynamics, KeyBanc thinks recent data points relative to its coverage have been better than feared.
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 ‘definitely seeing’ uptick in demand for product part of business
- Rockwell Automation CEO Initiates Trading Plan
- Rockwell Automation price target raised to $371 from $327 at Citi
- Airbnb, Zscaler downgraded: Wall Street’s top analyst calls
- Barclays upgrades Rockwell Automation into sales improvement