Citigroup Maintains Buy on Rockwell Automation, Lowers Price Target to $330
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz has maintained a Buy rating on Rockwell Automation (NYSE:ROK) but lowered the price target from $351 to $330.

February 01, 2024 | 8:55 pm
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Citigroup maintains a Buy rating on Rockwell Automation but lowers the price target from $351 to $330.
The adjustment in price target by Citigroup reflects a recalibration of expectations for Rockwell Automation's stock value, though the Buy rating indicates continued confidence in the company's performance. This could lead to mixed reactions in the short term as investors digest the lowered price target against the backdrop of sustained endorsement.
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IMPORTANCE 80
RELEVANCE 100