Mizuho Securities analyst Brett Linzey has reiterated their bullish stance on EMR stock, giving a Buy rating today.
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Brett Linzey’s rating is based on several positive aspects observed in Emerson Electric Company’s performance and future prospects. The company has demonstrated a strong operational start to the year, with a notable beat on operating profit and a growing project funnel, especially in the LNG sector, which presents significant potential for future orders. This positions Emerson well to capitalize on expanding opportunities, thereby supporting the Buy rating.
Additionally, Emerson’s price-cost dynamics have been favorable, with expectations of continued positive contributions throughout the fiscal year. The company’s backlog remains elevated, and improvements in short-cycle dynamics suggest a recovery in the latter half of the fiscal year. The valuation remains attractive, and with Emerson’s operating leverage and strategic synergies from recent deals, there is an opportunity for the company to close the valuation gap with its secular peers, further reinforcing the Buy recommendation.
Linzey covers the Industrials sector, focusing on stocks such as Stanley Black & Decker, Emerson Electric Company, and Parker Hannifin. According to TipRanks, Linzey has an average return of 13.4% and a 72.96% success rate on recommended stocks.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $158.00 price target.