Tiger Brokers

BUZZ-Barclays lifts Rockwell PT on growth opportunities

Reuters
Jul 09, 2025
BUZZ-Barclays lifts Rockwell PT on growth opportunities

** 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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