** J.P. Morgan upgrades Rockwell Automation ROK.N to 'neutral' from 'underweight'; raises PT to $271 from $201
** Although the overall economic situation is still challenging and not showing significant improvement, company profit margins are increasing - brokerage
** ROK shares up 2.46% at $290.14 in premarket trading
** Co raised its annual profit forecast on Wednesday after cost cuts helped boost margins in the second quarter
** "ROK still expects normalized incrementals in the 35% range, though we think they can post above average incrementals if and when the cycle actually turns" - JPM
** Avg rating of 29 analysts is "buy"; median PT is $295 — data compiled by LSEG
** As of last close, ROK up ~1% YTD
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com))
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