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Rockwell Automation upgraded to Neutral from Underweight at JPMorgan

JPMorgan upgraded Rockwell Automation (ROK) to Neutral from Underweight with a price target of $271, up from $201. The company reported a “clean” Q2 beat on sales and margins, benefitting from better than expected pricing, the analyst tells investors in a research note. The firm cites a change in Rockwell’s earnings revision trajectory for the upgrade post the earnings report.

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