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.
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IMPORTANCE 90
RELEVANCE 100