BUZZ-Jefferies upgrades Rockwell Automation to 'buy', raises PT

Reuters12-12

** Shares of automation products maker Rockwell Automation ROK.N up 0.5% at $298.74 in morning trading

** Brokerage Jefferies upgrades ROK stock to "buy" from "hold" and raises target price to $350 from $290

** "We expect ROK to benefit from a rebound in domestic capital investment in CY25 given its leading position in U.S. industrial automation (~50% of sales)," says Jefferies

** The new PT represents a 17.7% upside to the stock's last close

** 10 of 29 brokerages rate the stock "buy" or "higher", 15 "hold" and 4 "sell"; median PT $297 - LSEG

** Up to last close, ROK shares down ~4% YTD

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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