TD Cowen raised the firm’s price target on Emerson Electric to $115 from $105 and keeps an Outperform rating on the shares. The firm said its strong Q1 start, bottoming discrete end markets, and early NATI traction are supportive of a potential re-rating higher for the stock.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on EMR:
- Emerson Electric raises FY24 adjusted EPS view to $5.30-$5.45 from $5.15-$5.35
- Emerson Electric sees Q2 adjusted EPS $1.22-$1.26, consensus $1.25
- Emerson Reports First Quarter 2024 Results; Updates 2024 Outlook
- Emerson Electric reports Q1 adjusted EPS $1.22, consensus $1.04
- EMR Upcoming Earnings Report: What to Expect?
