** Rockwell Automation ROK.N shares up 0.6% premarket
** TD Cowen hikes stock rating on ROK to "hold" from "sell", marking second upgrade from a brokerage this week
** "We still have growth concerns and the macro remains uncertain at best, but the setup feels more balanced today" - brokerage
** Earlier this week, ROK raised its annual profit forecast on higher margins
** Raises PT to $275 from $215, still a 5.6% downside to stock's last close
** 13 brokerages rate the stock "buy" or higher, 14 "hold" and 2 "sell"; their median PT is $304 - LSEG data
** Stock up ~2% YTD as of last close
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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