Emerson resumed with a Buy at Citi

Citi resumed coverage of Emerson (EMR) with a Buy rating and $132 price target Emerson has a favorable position in markets with still positive underlying long-term fundamentals, coupled with a strong track record of operational execution that should drive outsized financial returns over time,” the analyst tells investors in a research note. The firm says continued global investment in end markets such as power and energy, which it views Emerson as being competitively advantaged, should remain tailwinds for the company.