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Bank of America Securities Sticks to Their Buy Rating for Rockwell Automation (ROK)

Tipranks - Tipranks - Sat Feb 7, 6:58AM CST

Bank of America Securities analyst Andrew Obin reiterated a Buy rating on Rockwell Automation today and set a price target of $450.00.

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According to TipRanks, Obin is a 5-star analyst with an average return of 16.2% and a 66.60% success rate. Obin covers the Industrials sector, focusing on stocks such as Eaton, GE Vernova Inc., and 3M.

In addition to Bank of America Securities, Rockwell Automation also received a Buy from Barclays’s Julian Mitchell in a report issued today. However, on the same day, J.P. Morgan reiterated a Hold rating on Rockwell Automation (NYSE: ROK).

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Based on Rockwell Automation’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.11 billion and a net profit of $305 million. In comparison, last year the company earned a revenue of $1.88 billion and had a net profit of $184 million

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