Analysts Bump Up Emerson Electric Price Target After Q1 Earnings - Emerson Electric (NYSE:EMR)

Analysts raised the price target on Emerson Electric Co EMR post Q1 results.
Morgan Stanley analyst Joshua Pokrzywinski raised Emerson Electric Co's EMR price target to $108 (an upside of 11.3%) from $102 and maintained an Equal-Weight rating on the shares.
Credit Suisse analyst John Walsh raised the price target to $112 (an upside of 15.4%) from $111 and kept an Outperform rating on the shares.
Related: Emerson Electric Reports 8% Sales Growth In Q1; Raises FY22 Guidance.
Citi analyst Andrew Kaplowitz raised the price target to $123 from $120 and maintained a Buy rating on the shares.
Kaplowitz mentions the company's "strong" Q1 earnings and a raised fiscal 2022 outlook is supported by recent order momentum and highlights Emerson's solid positioning for sustained earnings growth runway in a recovering global economic environment.
Price Action: EMR shares are trading lower by 0.45% at $97.13 on the last check Thursday.