Cowen & Co has initiated coverage on five Process Control and Automation stocks. In a new report, analyst Joseph Giordano explains why the firm is bullish on the industry.

Durable, Secular Trends

Giordano believes that Process Control and Automation has a rapidly-expanding addressable market as the world continues its shift to tech-centric business.

“We expect a trend towards lighter asset bases as higher margin software and cloud based solutions foster a tech angle in the industry as the advent of the blossoming Industrial Internet of Things creates a largely untapped trove of information to be analyzed and applied,” Giordano explains.

Megatrends

The report also lists…

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