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

Reuters
08 May
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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10