Mizuho Maintains Neutral on Rockwell Automation, Lowers Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Brett Linzey has maintained a Neutral rating on Rockwell Automation (NYSE:ROK) and lowered the price target from $265 to $260.

May 08, 2024 | 12:05 pm
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NEUTRAL IMPACT
Mizuho has maintained a Neutral rating on Rockwell Automation and reduced the price target from $265 to $260.
The adjustment in price target by Mizuho reflects a slight negative sentiment towards Rockwell Automation's short-term stock price potential, but the maintenance of a Neutral rating suggests that the overall outlook remains unchanged. This could lead to a neutral short-term impact on the stock as investors digest the minor adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100