Barclays Downgrades Rockwell Automation to Underweight, Lowers Price Target to $287
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell has downgraded Rockwell Automation (NYSE:ROK) from Equal-Weight to Underweight and lowered the price target from $300 to $287.
August 30, 2023 | 4:20 pm
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NEGATIVE IMPACT
Rockwell Automation has been downgraded by Barclays from Equal-Weight to Underweight, with a lowered price target of $287.
The downgrade from Barclays, a major financial institution, could negatively impact investor sentiment towards Rockwell Automation. The lowered price target suggests that Barclays sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100