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According to Deutsche Bank, Emerson Electric
EMR EMR has a good track record of successful execution and the Network Power problems appear to be less transient than first thought.
Deutsche Bank said that, “With the stock now back to $57 and at a discounted 15.7x NTM EPS, we would use this weakness to accumulate one of the best quality MI/EE stocks with appealing later cycle leverage. Reiterate buy and $66 PT.”
Emerson Electric closed yesterday at $56.89.
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Posted In: Analyst ColorAnalyst RatingsDeutsche BankElectrical Components & EquipmentEmerson ElectricIndustrials
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