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Rockwell Automation (ROK) Receives a Buy from Morgan Stanley

Tipranks - Tipranks - Wed Jan 14, 7:44AM CST

In a report released today, Christopher Snyder from Morgan Stanley maintained a Buy rating on Rockwell Automation, with a price target of $440.00.

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Snyder covers the Industrials sector, focusing on stocks such as Rockwell Automation, Emerson Electric Company, and QXO Inc. According to TipRanks, Snyder has an average return of 9.2% and a 54.02% success rate on recommended stocks.

In addition to Morgan Stanley, Rockwell Automation also received a Buy from Barclays’s Julian Mitchell in a report issued on January 7. However, on the same day, Wells Fargo maintained a Hold rating on Rockwell Automation (NYSE: ROK).

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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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