Emerson Electric price target lowered to $105 from $115 at Loop Capital

Loop Capital analyst Chris Dankert lowered the firm’s price target on Emerson Electric (EMR) to $105 from $115 and keeps a Buy rating on the shares. The analyst is updating the firm’s model on the stock to reflect the new segmentation and also provides a basic pro forma analysis for the potential accretion from the hostile takeover of National Instruments (NATI). Loop adds that it sees a "high likelihood" that Emerson is successful in its pursuit of National Instruments.