RBC Capital Upgrades Emerson Electric To Outperform, Sees 21% Upside

  • RBC Capital analyst Deane Dray upgraded Emerson Electric Co. EMR to Outperform from Sector Perform and raised the price target to $116 (an upside of 21%), from $104.
  • Based on the analyst's Investment Framework, he believes it is the right time in the cycle to own this mid-tier quality Hybrid.
  • Dray adds that the shares are trading below their relative P/E support level on valuation, and his SOP implies a 25% upside for a potential value-unlocking breakup.
  • Recently, Barclays analyst Julian Mitchell raised Emerson Electric's price target to $99 (an upside of 3.26%) from $98 and maintained an Equal Weight rating on the shares.
  • Price Action: EMR shares closed higher by 4.44% at $95.83 on Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst RatingsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!