Goldman Sachs Upgrades Rockwell Automation (ROK) to Conviction Buy
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Price: $437.08 +1.30%
Rating Summary:
17 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
17 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs upgraded Rockwell Automation (NYSE: ROK) from Neutral to Conviction Buy with a price target of $89, suggesting 22% upside citing a more offensive near-term approach.
The firm raised FY2012-14 EPS to $5.55/ $6.15/ $6.75 on slightly higher organic growth (11% vs. 9% in FY12), supported by their updated capital goods capex work, which points to 10-11% growth in 2012.
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 $74.86 yesterday.
The firm raised FY2012-14 EPS to $5.55/ $6.15/ $6.75 on slightly higher organic growth (11% vs. 9% in FY12), supported by their updated capital goods capex work, which points to 10-11% growth in 2012.
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 $74.86 yesterday.
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