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Fly News Breaks for August 20, 2018
ROK
Aug 20, 2018 | 17:34 EDT
Morgan Stanley analyst Joshua Pokrzywinski assumed Rockwell Automation with an Underweight rating and a price target of $163, compared to the firm's prior rating of Equal Weight and a price target of $192. The analyst states that the company's "automation end markets have lost some of their secular outgrowth potential", while the competition is limiting its growth in software verticals.
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