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Benzinga
Benzinga
Business
Akanksha Bakshi

Analysts Bump Up Emerson Electric Price Target After Q1 Earnings

  • Analysts raised the price target on Emerson Electric Co (NYSE:EMR) post Q1 results.
  • Morgan Stanley analyst Joshua Pokrzywinski raised Emerson Electric Co's (NYSE:EMRprice 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.
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