Rockwell Automation (ROK) PT Raised to $167 at Stifel Following 2Q

Stifel raised its price target on Rockwell Automation (NYSE: ROK) to $167.00 (from $159.00) while maintaining a Hold rating. Rockwell Automation reported 2Q adjusted EPS of $1.55, ahead of the $1.40 consensus estimate, up 13% year over year.

Rockwell raised 2017 guidance and now expects 2017 revenue to be ~$6.25 billion on an organic basis. Adjusted EPS are now expected to be $6.45 - $6.75 (from $5.95 - $6.35 prior).

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