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Fly News Breaks for January 16, 2020
ROK
Jan 16, 2020 | 16:12 EDT
Rosenblatt analyst Scott Graham initiated coverage of Rockwell Automation with a Neutral rating and $217 price target. While the analyst sees modest acceleration in organic for FY20 and into FY21 for Rockwell, he finds several end-markets concerning, and expects investment spending to continue to rise. Graham added that the stock has outperformed and "needs to take a breather."
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