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UPDATE: Deutsche Bank Upgrades Emerson Electric to Buy on Favorable Exposure to Global Recovery

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Deutsche Bank upgraded Emerson Electric Company (NYSE: EMR) from Hold to Buy and raised the price target from $60.00 to $68.00.

Deutsche Bank said, "We believe EMR is a high quality, out-of-consensus industrial with favorable elevated global and emerging markets exposures - particularly in China where Emerson carries high direct sales exposure and where the data trend continues to point to economic rebound."

Emerson Electric closed at $56.87 on Wednesday.

Latest Ratings for EMR

DateFirmActionFromTo
Oct 2014Wells FargoDowngradesOutperformMarket Perform
Sep 2014Stifel NicolausInitiates Coverage onBuy
Sep 2014Buckingham ResearchInitiates Coverage onNeutral

View More Analyst Ratings for EMR
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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