Top 10 AI News Updates You Should Not Miss

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5. Rockwell Automation Inc. (NYSE:ROK)

Number of Hedge Fund Holders: 38

Rockwell Automation Inc. (NYSE:ROK) is leading industrial automation and digital transformation globally with flagship products like Allen Bradley and FactoryTalk that enable production monitoring and easy application of ML concepts to overcome product quality issues while ensuring process integrity. The company also partnered with leading AI firms like Nvidia (NASDAQ:NVDA), integrating APIs to provide data interoperability, process automation, and live collaboration to industrial clients while addressing workforce shortages.

On January 16th, Stephens upgraded Rockwell Automation Inc. (NYSE:ROK) to “Overweight” from “Equal-Weight” and also raised its target price to $350 from $275. The brokerage is of the view that it is time to include the stock in investment portfolios due to growing visibility to sales and earnings returning to growth by the second half and progress toward a reinvigorated cost-management and operational excellence program. Analysts added that wish list names like Rockwell “rarely come cheap,” but the stock has generally outperformed markets during the early phase of earnings recoveries.

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