Rockwell Automation (ROK) has a strong global market presence. The company is focused on further expanding its global footprint in emerging markets, as it expects automation growth rates in the emerging markets to be 50% higher than growth rates in the developed countries.
Emerging market growth is key to meeting the company’s target of deriving 60% of its revenue from outside the U.S. by 2013. As it enters new markets, Rockwell intends to broaden its portfolio of products, services and solutions.
Successful diversification into emerging markets and expansion of product portfolio will drive the company s top-line growth over the long term. We are upgrading the stock to Outperform.Zacks Investment Research
