Morgan Stanley analyst Meta Marshall downgraded National Instruments (NATI) to Equal Weight from Overweight with a price target of $60, up from $52, after Emerson (EMR) announced a deal to the acquire the company. Given the months long process since the strategic review was announced, the firm is updating its target to reflect the likelihood of this deal closing, the analyst tells investors.
Published first on TheFly
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- Emerson (NYSE:EMR) Acquires National Instruments for $60 a Share
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