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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ROK:
- Rockwell Automation upgraded to Buy from Neutral at BofA
- Rockwell Automation price target raised to $392 from $371 at Citi
- Rockwell Automation price target raised to $370 from $350 at Barclays
- Rockwell Automation initiated with an Outperform at CICC
- Rockwell Automation price target raised to $360 from $330 at BofA