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

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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
Sep 2014Stifel NicolausInitiates Coverage onBuy
Sep 2014Buckingham ResearchInitiates Coverage onNeutral
Apr 2014JP MorganMaintainsUnderweight

View More Analyst Ratings for ROK
View the Latest Analyst Ratings

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

 

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