JP Morgan Maintains Underweight on Rockwell Automation, Maintains $254 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Stephen Tusa maintains an Underweight rating on Rockwell Automation (NYSE:ROK) and keeps the price target at $254.
March 21, 2024 | 1:53 pm
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JP Morgan analyst Stephen Tusa reaffirms an Underweight rating on Rockwell Automation with a steady price target of $254.
The reaffirmation of an Underweight rating by a prominent analyst could lead to negative sentiment among investors, potentially impacting the stock's short-term price movement negatively. The maintenance of the price target suggests no new positive catalysts have been identified that could drive the stock price higher in the near term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100