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Fly News Breaks for January 20, 2017
ROK
Jan 20, 2017 | 07:31 EDT
Buckingham upgraded Rockwell Automation to Buy with a $162 price target saying it fits a recovery thesis better than most and risk/reward is attractive. The firm's analyst said, after declines in U.S. capex spending for the past 4 years, Rockwell has meaningful operating leverage in what appears to be a budding improvement, optionality on policy initiatives, including energy deregulation, factory growth, offshore cash, and remains a takeout "threat."
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