Deutsche Bank Cuts Price Target For Several Industrial Stocks

Deutsche Bank analyst Nicole DeBlase Lowered the price target for several multi-industry sector companies.

• The analyst does not expect supply chain and price/cost headwinds to alleviate in the second half of 2022 for the multi-industry sector.

• When balancing the omicron variant, inflation, and forthcoming rate hikes, DeBlase is still "constructive" on the macro outlook but says a "more selective stock positioning framework" is warranted. For most names that she covers, the analyst is not concerned with the premise of "double ordering" constraining the recovery in 2022.

• The analyst lowered Rockwell Automation Inc's (NYSE: ROK) price target to 6 (a downside of 3.8%) from $337 and maintained a Hold rating on the shares.

• The analyst reduced the Cummins Inc. (NYSE: CMI) price target to 7 (an upside of 13%) from $251 and maintained a Hold rating on the shares.

• The analyst lowered the Dover Corp (NYSE: DOV) price target to 8 (an upside of 4%) from $187 and kept a Hold rating on the shares.

• The analyst cut the Honeywell International Inc (NYSE: HON) price target to 6 (an upside of 13%) from $246 and kept a Buy rating on the shares.

• The analyst lowered the Emerson Electric Co. (NYSE: EMR) price target to 2 (an upside of 21.59%) from $116 and maintained a Buy rating on the shares.

• The analyst reduced the United Rentals, Inc. (NYSE: URI) price target to 4 (an upside of 10.7%) from $402 and maintained a Hold rating on the shares.

• The analyst lowered the Illinois Tool Works Inc. (NYSE: ITW) price target to 0 (a downside of 9.3%) from $231 and kept a Hold rating on the shares.

• The analyst lowered the 3M Co (NYSE: MMM) price target to 2 (an upside of 3.2%) from $192 and maintained a Hold rating on the shares.

• Price Action: ROK shares are trading higher by 0.86% at $349.54, CMI lower by 0.26% at $219.02, EMR higher by 0.34% at $92.30, HON higher by 1.5% at $209.12, URI lower by 2.74% at $346.76, ITW higher by 0.43% at $242.65, DOV lower by 0.31% at $171.08 and MMM higher by 0.23% at $176.35 on the last check Friday.

Latest Ratings for ROK

Dec 2021	Goldman Sachs	Maintains		Sell
Dec 2021	Deutsche Bank	Maintains		Hold
Nov 2021	Loop Capital	Initiates Coverage On		Hold

View More Analyst Ratings for ROK
View the Latest Analyst Ratings

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