Cowen analyst Gautam Khanna lowered the firm’s price target on Emerson Electric to $105 from $115 and keeps an Outperform rating on the shares. The analyst said its Q1’s EPS miss overshadowed strong underlying execution and we expect the stock to recover, but concede its "noisy" financial presentation is a hurdle to investor engagement in the stock.
Published first on TheFly
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Read More on EMR:
- Argus cuts Emerson Electric to Hold, sees ‘problematic’ recent trends
- Emerson Electric downgraded to Hold from Buy at Argus
- Deutsche Bank keeps Hold on Emerson Electric, lowers price target to $93
- Emerson Electric backs FY23 adjusted EPS view $4.00-$4.15, consensus $4.08
- Emerson Electric sees Q2 adjusted EPS 95c-$1.00, consensus $1.00
