RBC Capital raised the firm’s price target on Emerson Electric to $139 from $121 and keeps an Outperform rating on the shares. The company has undertaken a number of portfolio actions to streamline the portfolio, improve growth and margins, and position Emerson as a pure-play industrial, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EMR:
- Emerson Electric price target raised to $105 from $95 at Barclays
- Emerson Electric to provide integrated hydrogen mobility technologies to H2
- Emerson Electric price target raised to $130 from $100 at Berenberg
- Emerson Electric price target raised to $130 from $120 at BofA
- Emerson Electric price target raised to $130 from $121 at JPMorgan