Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Emerson Electric to $105 from $110 and keeps an Overweight rating on the shares ahead of quarterly results. The firm is largely in-line on EPS estimates, and thinks guidance will be maintained to slightly raised across most of the group. As in recent quarters, Wells expects revenue beats/misses will be the primary driver of relative performance.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on EMR:
- Emerson Electric management to meet with Loop Capital
- HP Inc. upgraded, Airbnb downgraded: Wall Street’s top analyst calls
- Emerson Electric downgraded to Neutral from Buy at UBS
- KeyBanc rolls out coverage of Industrial Automation with two Overweights
- Emerson Electric initiated with an Overweight at KeyBanc
