Citigroup Maintains Buy on Rockwell Automation, Lowers Price Target to $316
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz maintains a Buy rating on Rockwell Automation (NYSE:ROK) but lowers the price target from $322 to $316.

May 08, 2024 | 7:35 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Rockwell Automation but lowers the price target from $322 to $316.
The adjustment in price target by Citigroup, while maintaining a Buy rating, suggests a positive outlook on ROK but with a slightly reduced growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the minor adjustment in the price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100