$rootItem = Get-Item master:/content/Item1; // Any item starting path
$ImagesourceTemplate = Get-Item "/sitecore/templates/Project/Presentation Templates/Article with Image"; // Template path
Get-ChildItem $rootItem.FullPath -Recurse | Where-Object { $_.TemplateName -eq $ImagesourceTemplate.Name } | ForEach-Object {
$_.Editing.BeginEdit()
$titlefieldValue = $_.Fields["Title"].Value
$_.Fields["ShortHeadline"].Value = $titlefieldValue;
$_.Editing.EndEdit()
}
// This script will be updating all child items short headline field value from Title field value.