** Barclays lifts Rockwell Automation PT to $370 from $350, rating unchanged at 'overweight'
** New price target shows an upside of 9.4% to stock's last close
** Says co sees strong momentum as the programmable logic controller $(PLC.AU)$ market rebounds from a weak 2024, bringing high-margin growth opportunities
** Adds co more focused on improving margins, which have been flat for years, as this could become a new driver of upside
** Expects co to revise estimates and post positive results in Q3
** Average of 30 brokerages rate the stock equivalent to 'hold', median PT is $343.50- data compiled by LSEG
** As of last close, stock had risen 18.3% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
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