Emerson Electric price target raised to $135 from $130 at Loop Capital

Loop Capital raised the firm’s price target on Emerson Electric to $135 from $130 and keeps a Buy rating on the shares. The company reported a “solid” Q2 with stronger organic sales growth and a favorable mix, the analyst tells investors in a research note. Loop adds that it continues to see Emerson as well positioned to benefit from numerous secular tailwinds, while the company’s transition to an automation pure-play “supports multiple expansion”.