Rockwell Automation Reports Fourth Quarter and Full Year 2016 Results

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UBS Raises Price Target on Rockwell Automation (ROK) to $136

November 8, 2016 8:55 AM EST

UBS reiterated a Buy rating on Rockwell Automation (NYSE: ROK), and raised the price target to $136.00 (from $125.00), following the company's 4Q earnings report. ROK reported EPS of $1.52, above $1.49 consensus estimate. Organic sales declined 4% (vs. our -5% estimate) with A&S up 1.4% and CP&S down... More