Market Overview

UPDATE: Langenberg & Company Downgrades Rockwell Automation to Hold, Reiterates $85 PT

Share:
Related ROK
Rockwell Automation Q3 Earnings Top Views
Earnings Scheduled For July 29, 2015
Ball Corporation Misses on Q2 Earnings, Confirms Outlook - Analyst Blog (Zacks)

In a report published Wednesday, Langenberg & Company downgraded its rating on Rockwell Automation (NYSE: ROK) from Buy to Hold, and reiterated its $85.00 price target.

Langenberg & Company noted, “downgrade to Hold from Buy. Target is $85 while stock is trading above $86. We may be leaving some money on the table (the shares have approached $100) with a 2H13 China industrial recovery in the offing – but it is about risk-adjusted return.”

Rockwell Automation closed on Monday at $83.99.

Latest Ratings for ROK

DateFirmActionFromTo
May 2015JP MorganMaintainsUnderweight
Apr 2015Stifel NicolausDowngradesBuyHold
Mar 2015BarclaysMaintainsOverweight

View More Analyst Ratings for ROK
View the Latest Analyst Ratings

Posted-In: Langenberg & CompanyAnalyst Color Downgrades Analyst Ratings

 

Related Articles (ROK)

Get Benzinga's Newsletters