Emerson price target raised to $155 from $130 at Loop Capital

Loop Capital raised the firm’s price target on Emerson (EMR) to $155 from $130 and keeps a Buy rating on the shares. The firm’s new price target is reflecting slightly higher estimates and greater conviction in the company’s multiple expansion story given added clarity around capital deployment plans, the analyst tells investors in a research note. Aided by portfolio changes, exposure to secular tailwinds, robust free cash flow and the software-centric approach, Loop sees further upside opportunity in Emerson shares, the firm adds.