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Fly News Breaks for October 12, 2018
ROK
Oct 12, 2018 | 08:06 EDT
Credit Suisse analyst John Walsh initiated shares of Rockwell Automation with an Underperform rating and $171 price target. In a research note to investors, Walsh sees a deceleration, but not a decline, in organic sales growth, as well as a lower probability of upside surprise from incremental leverage at this point in the cycle, and the underlevered balance sheet being used for higher-multiple acquisitions or remaining broadly untapped.
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