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Wells Fargo Sticks to Their Hold Rating for Rockwell Automation (ROK)

Tipranks - Tipranks - Thu Jan 8, 5:52AM CST

Wells Fargo analyst Joe O’Dea maintained a Hold rating on Rockwell Automation today and set a price target of $410.00.

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O’Dea covers the Industrials sector, focusing on stocks such as Dover, Hubbell B, and Carrier Global. According to TipRanks, O’Dea has an average return of 11.2% and a 63.87% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rockwell Automation with a $416.47 average price target.

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Based on Rockwell Automation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.32 billion and a net profit of $138 million. In comparison, last year the company earned a revenue of $2.04 billion and had a net profit of $239.1 million

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