Rockwell Automation falls after Wells Fargo cuts rating, PT

Shares of Rockwell Automation ROK.N down 1% at $329 in premarket trading

Wells Fargo downgrades rating to "equal weight" from "overweight", cuts PT to $345 from $365, a premium of 3.7% from the stock's last close

ROK on Wednesday raised the low end of its annual profit forecast

Wells Fargo downgrades rating, citing slower seasonal period ahead, expects initial FY26 guidance to fall below consensus, which could limit further valuation upside

Adds that ROK announced $2 bln investment over five years, focused mainly on U.S. plants and digital infrastructure to support growth and resilience

Wells Fargo cuts co's 2026 EPS forecast to $11.50 from $11.71 but lifts revenue view to $8.63 bln from $8.53 bln

Sixteen of 30 brokerages rate the stock "buy" or higher, thirteen "hold" and one "sell"; their median PT is $358.50- data compiled by LSEG

As of last close, stock had risen 16.4% YTD