Redburn Atlantic initiated coverage of Emerson Electric with a Buy rating and $135 price target. Emerson has undergone a significant transformation over the past three years to focus on automation and is now “very well positioned to capitalize on positive secular drivers,” the analyst tells investors in a research note. The firm believes stronger, more consistent long-term organic revenue, earnings and free cash flow growth, combined with upside potential from recent acquisitions, can support a higher valuation for the shares.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EMR:
- Uber, Birkenstock among additions to Deutsche Bank ‘Fresh Money List’ for Q3
- Deutsche names Emerson short-term buy, Illinois Tool short-term sell
- Early notable gainers among liquid option names on June 7th
- Emerson (EMR) to Sell Copeland Stake to Blackstone for $3.5B
- Emerson Electric sells remaining interests in Copeland to Blackstone for $3.5B