Daiwa initiated coverage of Emerson (EMR) with an Outperform rating and $147 price target The firm cites the company’s “favorable” process end market exposure, a potential discrete end market rebound, AspenTech integration and the stock’s valuation discount to peers for the Outperform rating. It sees Emerson’s increasing access to artificial intelligence models driving penetration of industrial optimization software through “seamless integration” with process control software.
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