BUZZ-Oppenheimer raises Rockwell Automation PT after Q2 results beat estimates

Reuters
05-08
BUZZ-Oppenheimer raises Rockwell Automation PT after Q2 results beat estimates

** Oppenheimer raises Rockwell Automation ROK.N price target to $304 from $258, an upside of 9% to the stock's last close

** Says co structurally improved Q2 earnings and optimistic about co's technology and deep domain expertise will shift towards higher connectivity

** Adds unchanged organic growth outlook could allow for margin outperformance on potential price-volume tradeoffs related to tariffs

** Research firm raises 2025 adj. EPS forecast to $9.72/share from $8.98/share

** Rating unchanged at "outperform"

** 13 of 29 brokerages rate the stock "buy" or higher, 13 "hold" and 3 "sell"; their median PT is $295 - data compiled by LSEG

** As of last close, stock had fallen nearly 1% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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