Stephens raised the firm’s price target on Rockwell Automation (ROK) to $375 from $350 and keeps an Overweight rating on the shares as part of a Q2 earnings preview. The firm expects continued tariff uncertainty for the electrical equipment and multi-industry names, but with a more positive tone relative to Q1. Price realization is generally on-track while demand has held in better than expected, the analyst tells investors in a research note.
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Read More on ROK:
- Rockwell Automation upgraded to Buy from Neutral at BofA
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- Rockwell Automation price target raised to $360 from $330 at BofA