Market Overview

UPDATE: Morgan Stanley Downgrades Rockwell Automation to Underweight on Lack of EPS Upside in 2013

Share:
Related ROK
The Most Important Message Investors Need For Earnings Season
Earnings Scheduled For January 28, 2015

Morgan Stanley downgraded Rockwell Automation, Inc. (NYSE: ROK) from Neutral to Underweight and raised the price target from $81.00 to $84.00.

Morgan Stanley commented, "We see little opportunity for upward EPS revisions in near term given weak CapEx outlook nor multiple expansion (latter stage of cycle typically sees ROK at discount) and so expect the stock to underperform the peer group. Downgrade to UW given 3% downside to our upwardly revised $84 PT."

Rockwell Automation closed at $86.93 on Monday.

Latest Ratings for ROK

DateFirmActionFromTo
Jan 2015Stifel NicolausMaintainsBuy
Jan 2015Gabelli & Co.Initiates Coverage onBuy
Jan 2015BarclaysMaintainsOverweight

View More Analyst Ratings for ROK
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (ROK)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content