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

January 5, 2022 6:41 AM | 1 min read

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.