Is the Party Over for This High-Flying Stock?
Following a strong run in 2017, the stock price of Rockwell Automation (NYSE: ROK) corrected a bit following the third-quarter earnings report. In general, it's been a good year for the industrials sector, as U.S. industrial production growth has picked up, creating earnings tailwinds for companies such as Rockwell that have heavy exposure to cyclical capital spending.
That said, the industrials sector could face a tricky period in the second half of 2017. Does that mean it's time to sell stock in Rockwell Automation?
Source: Fool.com
Rockwell Automation Stock
€249.60
-1.340%
Currently there is a rather positive sentiment for Rockwell Automation with 10 Buy predictions and 5 Sell predictions.
As a result the target price of 282 € shows a slightly positive potential of 12.98% compared to the current price of 249.6 € for Rockwell Automation.
