Rockwell Automation Inc. (NYSE:ROK) ranks among the stocks to benefit from an onshoring boom. On July 15, KeyBanc maintained its Overweight rating on Rockwell Automation Inc. (NYSE:ROK) shares, while increasing its price objective for the company from $360 to $370. The firm was upbeat regarding the possible improvement in Rockwell’s fiscal third-quarter 2025 earnings.
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Rockwell’s margins are expected to improve, as evidenced by KeyBanc’s higher price target. The firm has also reduced its second-half 2025 tariff cost headwind forecasts from $125 million to $70 million.
Although second-quarter pricing actions were relatively low, the firm indicated that recent developments in the European Union and Asia could offer Rockwell Automation Inc. new options for tariff-related relief.
Rockwell Automation Inc. is a leading player in industrial automation and digital transformation. It offers solutions that assist manufacturers in improving process control, increasing efficiency, and optimizing operations.
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