Barclays Maintains Underweight on Rockwell Automation, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell maintains an Underweight rating on Rockwell Automation (NYSE:ROK) and lowers the price target from $260 to $250.
June 04, 2024 | 3:14 pm
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Barclays analyst Julian Mitchell maintains an Underweight rating on Rockwell Automation and lowers the price target from $260 to $250.
The Underweight rating and lowered price target from $260 to $250 by Barclays suggest a bearish outlook on Rockwell Automation's stock. This could lead to a negative short-term impact on the stock price as investors react to the downgrade.
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