Wells Fargo Maintains Overweight on Rockwell Automation, Lowers Price Target to $312
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Overweight rating on Rockwell Automation (NYSE:ROK) but lowered the price target from $320 to $312.
May 08, 2024 | 2:52 pm
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NEUTRAL IMPACT
Wells Fargo maintains an Overweight rating on Rockwell Automation but lowers the price target from $320 to $312.
The adjustment in price target by a major analyst like Wells Fargo, while maintaining an Overweight rating, suggests a continued positive outlook on Rockwell Automation but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100