Wells Fargo Upgrades Rockwell Automation to Overweight, Announces $357 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joe O'Dea has upgraded Rockwell Automation (NYSE:ROK) from Equal-Weight to Overweight and set a price target of $357.
December 19, 2023 | 12:04 pm
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Rockwell Automation was upgraded by Wells Fargo from Equal-Weight to Overweight with a price target of $357, indicating a positive outlook on the stock.
Upgrades by analysts, especially from major financial institutions like Wells Fargo, can lead to increased investor confidence and a potential rise in stock price. The new price target of $357 suggests a significant upside from the current trading price, which may attract investors and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100