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