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Fly News Breaks for January 30, 2019
ROK
Jan 30, 2019 | 09:20 EDT
BMO Capital analyst R. Scott Graham raised his price target on Rockwell Automation to $195 and kept his Outperform rating after its Q1 earnings beat and affirmed FY19 guidance. The analyst notes the company's organic sales outperformed its end markets while margins "also beat from volume leverage" helped by the "timing of spending". Graham maintains his outlook on Rockwell Automation calling for 4%-5% organic growth, ongoing margin expansion, and aggressive buybacks.
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