Rockwell Automation lifts after BofA upgrades, boosts PT to Street-high
Rockwell Automation's ROK.N shares up 1.4% to $351.50 on Weds after BofA Global Research upgrades to 'buy' from 'neutral', saying co starting to see the impact of its operational turnaround strategy
Brokerage hikes PT by $50 to Street-high $410, nearly 20% above stock's last close
ROK is levered to the industrial cycle, reshoring, and has a long runway on cost savings, BofA says in note, adding pricing is also a source of upside
Logix (core product) demand is growing post-destock and underlying demand is "solid", but large projects are delayed due to trade uncertainty, BofA says
Trade deals expected to be signed before year-end 2025, BofA says, which should accelerate organic growth in 2026/2027
Of 30 brokerages covering ROK, recommendation breakdown is 16 "strong buy" or "buy", 13 "hold" and 1 'sell', per LSEG data
Median PT of $343.50 up from $325 a month ago and from $280 on Apr 16
With move on the session, ROK shares up ~23% YTD vs S&P 500 Industrials .SPLRCI 13.5% advance
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