Barclays Maintains Underweight on Rockwell Automation, Lowers Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell has maintained an Underweight rating on Rockwell Automation (NYSE:ROK) and reduced the price target from $265 to $260.
May 08, 2024 | 6:56 pm
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Barclays has maintained its Underweight rating on Rockwell Automation and lowered the price target from $265 to $260.
The reduction in price target by Barclays, a major financial institution, could lead to a negative perception among investors regarding Rockwell Automation's future financial performance. This adjustment reflects a less optimistic outlook on the company's stock, potentially influencing its short-term market price to trend downwards.
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