Morgan Stanley analyst Meta Marshall downgraded National Instruments (NATI) to Equal Weight from Overweight with a price target of $60, up from $52, after Emerson (EMR) announced a deal to the acquire the company. Given the months long process since the strategic review was announced, the firm is updating its target to reflect the likelihood of this deal closing, the analyst tells investors.
Published first on TheFly
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Read More on NATI:
- Emerson (NYSE:EMR) Acquires National Instruments for $60 a Share
- Emerson Electric sees $165M of cost synergies by year 5 from NI acquisition
- Emerson Electric sees National Instruments acquisition ‘immediately accretive’
- Emerson to Advance Global Automation Leadership Through Acquisition of NI
- Emerson Electric to acquire National Instruments for $60 per share in cash
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