Oppenheimer lifts Rockwell Automation on strong margin expectations

Oppenheimer raises PT on Rockwell Automation ROK.N to $371 from $304, an upside of 5.5% to stock's last close

Maintains rating at 'outperform'

Brokerage sees co beating margin targets in the second-half of 2025 supported by lower tariff costs, strong productivity gains, and favorable product mix

Says stronger inventories and a spike in April orders hint at early demand pull-in for co, possibly leading to better-than-expected Q3 orders

However, adds tariff instability and further delays for inflation reduction act (IRA) related megaprojects in autos and energy sector could potentially dampen demand in second half of 2025

Shares of the company marginally up 0.34% to $353 on thin premarket volume

Average of 30 brokerages rate the stock equivalent to 'hold'; their median PT is $348.50- data compiled by LSEG

As of last close, stock had risen 23% YTD