Berenberg Downgrades Rockwell Automation to Hold, Announces $290 Price Target
Portfolio Pulse from Benzinga Newsdesk
Berenberg analyst Philip Buller downgraded Rockwell Automation (NYSE:ROK) from Buy to Hold and set a price target of $290.
March 06, 2024 | 10:43 am
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NEUTRAL IMPACT
Rockwell Automation downgraded from Buy to Hold by Berenberg with a $290 price target.
The downgrade from Buy to Hold by a reputable analyst could lead to a neutral short-term impact on Rockwell Automation's stock price. The announcement of a specific price target provides a benchmark for investors but does not necessarily indicate a strong movement in either direction, hence the neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100