UBS Maintains a 'Neutral' on Rockwell Automation (ROK); Guidance Maintained Despite Headwinds
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Price: $449.37 --0%
Rating Summary:
17 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
17 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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UBS maintains a 'Neutral' on Rockwell Automation (NYSE: ROK) price target raised from $80 to $83.
UBS analyst says, "We believe ROK underperformed yesterday as investors were underwhelmed with status quo 2012 guidance after a better than expected 1Q, especially given the stock’s recent outperform ance. However, we note mgmt indicated that currency would be an incremental 1% sales headwind (~$0.05 hit to EPS) if current rates persist, which would largely offset the 1Q beat. Therefore, we consider unchanged guidance to be favourable, given continued macro uncertainty, slowing in Europe and a slightly less favourable outlook for emerging Asia (notably China)."
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 $79.42 yesterday.
UBS analyst says, "We believe ROK underperformed yesterday as investors were underwhelmed with status quo 2012 guidance after a better than expected 1Q, especially given the stock’s recent outperform ance. However, we note mgmt indicated that currency would be an incremental 1% sales headwind (~$0.05 hit to EPS) if current rates persist, which would largely offset the 1Q beat. Therefore, we consider unchanged guidance to be favourable, given continued macro uncertainty, slowing in Europe and a slightly less favourable outlook for emerging Asia (notably China)."
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 $79.42 yesterday.
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