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ROK

Rockwell Automation

$141.80 /

+20.28 (+16.69%)

07:09
03/25/20
03/25
07:09
03/25/20
07:09

Rockwell Automation upgraded to Buy on post-COVID outlook at Gordon Haskett

As previously reported, Gordon Haskett analyst John Inch upgraded Rockwell Automation to Buy from Hold with a price target of $175, down from $183. While coronavirus has tipped the U.S. and other economies into severe recession this year, his Rockwell forecast assumes modest future demand improvement with "sequential revenue expansion generally akin to the rate experienced immediately after the 2008-09 downturn, Inch said. This view also includes a "free option" in Rockwell if the economy begins to rebound more quickly, he noted.

ROK Rockwell Automation
$141.80 /

+20.28 (+16.69%)

03/25/20 Gordon Haskett
Rockwell Automation upgraded to Buy from Hold at Gordon Haskett
02/19/20 Stifel
Rockwell Automation deal for Kalypso a 'net-positive' for PTC, says Stifel
01/16/20 Rosenblatt
Rockwell Automation initiated with a Neutral at Rosenblatt

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Earnings
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