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Goldman Sachs Resumes Rockwell Automation (ROK) at Neutral

March 21, 2013 7:55 AM EDT Send to a Friend
Get Alerts ROK Hot Sheet
Price: $117.72 --0%

Rating Summary:
    8 Buy, 14 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 14 | New: 17
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Goldman Sachs resumes coverage on Rockwell Automation (NYSE: ROK) with a Neutral. PT $93.00.

While expectations are reasonable, Goldman sees slow growth in 2013.

"Near-term, history suggests potential upside to growth targets (2013 guidance: 1-5%) but the outlook still appears mixed," the analyst said. "Further, margin guidance also appears low, but we do not see much upside as slower growth/mix weigh on margins. Lastly, ROK's shares have already benefited from a pro-cyclical trade (+45% since July 2012), and we believe it's unlikely the multiple expands much unless growth accelerates materially."

For an analyst ratings summary and ratings history on Rockwell Automation click here. For more ratings news on Rockwell Automation click here.

Shares of Rockwell Automation closed at $86.85 yesterday.




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