Oppenheimer lowered the firm’s price target on Emerson Electric to $120 from $125 and keeps an Outperform rating on the shares. The firm says operating execution remains excellent and expects a similar profile in FY25. Nonetheless, Oppenheimer highlights shares weakened on slightly slower than expected orders for discrete and T&M, while process/hybrid stayed at +mid-single digit.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EMR:
- Emerson Electric narrows FY24 adjusted EPS view to $5.45-$5.50 from $5.40-$5.50
- Emerson Electric reports Q3 adjusted EPS $1.29, consensus $1.42
- Emerson Reports Third Quarter 2024 Results; Updates 2024 Outlook
- EMR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Emerson Electric Stock (NYSE:EMR): Sales Are Rising, Positioned for More Growth