Emerson Electric price target raised to $130 from $120 at BofA

BofA raised the firm’s price target on Emerson Electric to $130 from $120 and keeps a Buy rating on the shares after having hosted investor meetings with SVP and Chief Sustainability Officer Michael Train as well as members of the investor relations team last week. Investors seem to be more receptive to the Emerson story and the message on an improved growth and returns profile is “particularly compelling,” the analyst tells investors in a post-meeting note.