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Emerson Electric Company (EMR) Receives a Buy from RBC Capital

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RBC Capital analyst Deane Dray maintained a Buy rating on Emerson Electric Company (EMRResearch Report) on January 19 and set a price target of $116.00. The company’s shares closed last Thursday at $93.65.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 11.7% and a 57.9% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Honeywell International, and Mueller Water Products.

Emerson Electric Company has an analyst consensus of Moderate Buy, with a price target consensus of $108.40.

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Based on Emerson Electric Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.95 billion and net profit of $670 million. In comparison, last year the company earned revenue of $4.56 billion and had a net profit of $723 million.

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Emerson Electric Co. engages in the designing and manufacturing of engineering and technology products for industrial, commercial, and consumer markets worldwide. It offers measurement and analytical instrumentation, industrial solutions, actuators and regulators, valves, and process control systems and solutions. The company also provides products and services used in industrial and commercial refrigeration, commercial air conditioning, residential cooling and heating, and cold chain management.

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