Rockwell Automation falls after Wells Fargo cuts rating, PT

Rockwell Automation

08/08/2025 12:49

** 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

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))