Morgan Stanley analyst Christopher Snyder initiated coverage of Emerson Electric with an Underweight rating and $105 price target. The firm, which forecasts just 2.5% organic growth in FY25 and 4.0% in FY26, notes that this trails the consensus view of about 5% in FY25-26, leaving it seeing a negative risk-reward with organic downside providing scope for negative revisions and capital deployment risk serving as an overhang on valuation.
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