Jefferies analyst David Kelley downgraded National Instruments (NATI) to Hold from Buy with a price target of $60, up from $55, after the company entered into an agreement to be acquired by Emerson Electric (EMR) for $60 per share. Emerson’s revised bid of $60 per share in cash reflects National’s longer-term growth prospects and the potential synergies, the analyst tells investors in a research note.
Published first on TheFly
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