Market Overview

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

Share:
Related ROK
5 Biggest Price Target Changes For Thursday
Keep an Eye on These 15 Stocks for January 25, 2017

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 2017Morgan StanleyUpgradesUnderweightEqual-Weight
Oct 2016BarclaysUpgradesEqual-WeightOverweight
Oct 2016CitigroupMaintainsNeutral

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)

View Comments and Join the Discussion!