Redburn Atlantic initiated coverage of Emerson Electric with a Buy rating and $135 price target. Emerson has undergone a significant transformation over the past three years to focus on automation and is now “very well positioned to capitalize on positive secular drivers,” the analyst tells investors in a research note. The firm believes stronger, more consistent long-term organic revenue, earnings and free cash flow growth, combined with upside potential from recent acquisitions, can support a higher valuation for the shares.
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