JP Morgan Maintains Underweight on Rockwell Automation, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Stephen Tusa maintains an Underweight rating on Rockwell Automation (NYSE:ROK) and lowers the price target from $262 to $230.
February 02, 2024 | 8:41 pm
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JP Morgan analyst Stephen Tusa maintains an Underweight rating on Rockwell Automation and lowers the price target from $262 to $230.
The reduction in price target by JP Morgan, a major financial institution, suggests a bearish outlook on Rockwell Automation's stock. This could lead to a negative short-term impact on the stock price as market participants adjust their expectations based on this new analyst rating and price target.
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