Wells Fargo Upgrades Rockwell Automation to Equal-Weight, Raises Price Target to $317
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Joe O'Dea has upgraded Rockwell Automation (NYSE:ROK) from Underweight to Equal-Weight and raised the price target from $290 to $317.
August 29, 2023 | 9:35 am
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Rockwell Automation has been upgraded by Wells Fargo from Underweight to Equal-Weight, with a raised price target of $317.
The upgrade from Underweight to Equal-Weight by Wells Fargo indicates a more positive outlook for Rockwell Automation. The raised price target from $290 to $317 suggests that the analyst sees potential for the stock's price to increase. This could potentially lead to a short-term positive impact on the stock's price.
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