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Fly News Breaks for November 19, 2018
ROK
Nov 19, 2018 | 18:33 EDT
Stephens analyst Rob McCarthy initiated Rockwell Automation with an Overweight rating and a price target of $200, saying the company is a "well-run, cyclical pure-play leading automation supplier with solid leverage to a sustained, continued economic recovery." The analyst believes that a strong secular opportunity in automation globally remains, and that the "scarcity value" of its assets provide "substantial downside valuation support".
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