UPDATE: Goldman Sachs Upgrades Rockwell Automation to Buy

Goldman Sachs Upgrades Rockwell Automation

to Buy on encouraging ECB liquidity actions in December and recent GLI and PMI readings that can increase risk-taking in 1H12. Goldman Sachs notes, however, that "key macro questions remain, including the form of structural change in Europe and transmission of financial stress to the real economy; EM inflation and potential for a pro-growth policy shift; and gov't debt refinancing and US elections." ROK closed at $74.86 per share on Tuesday.