Wells Fargo Maintains Overweight on Rockwell Automation, Raises Price Target to $305
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Overweight rating on Rockwell Automation and increased the price target from $293 to $305.
October 07, 2024 | 8:22 pm
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POSITIVE IMPACT
Wells Fargo has reaffirmed its positive outlook on Rockwell Automation by maintaining an Overweight rating and increasing the price target to $305, indicating confidence in the company's future performance.
The increase in price target from $293 to $305 by Wells Fargo suggests a positive outlook on Rockwell Automation's future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100