MW : Citi ups Cooper to buy, cuts Rockwell to sell
LONDON (MarketWatch) -- Cooper Industries (CBE 32.58, +0.33, +1.02%) was upgraded to buy from hold while Rockwell Automation (ROK 41.20, -0.65, -1.55%) was cut to sell from hold by Citigroup, which said there's "too big a disconnect in performance and valuation for companies that don't directly compete but have similar characteristics." They added that Rockwell is more dependent on line upgrades than Cooper, which it sees as an important distinction with the world struggling with excess industrial capacity.
