Morgan Stanley Reiterates Overweight on Emerson Electric, Maintains $107 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joshua Raskin has reiterated an Overweight rating on Emerson Electric (NYSE:EMR) and maintained a $107 price target.
July 12, 2023 | 1:14 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Emerson Electric's stock rating has been reiterated as Overweight by Morgan Stanley, with a maintained price target of $107.
The reiteration of an Overweight rating by a major financial institution like Morgan Stanley indicates a positive outlook for Emerson Electric. The maintained price target of $107 also suggests that the analyst believes the stock is undervalued at current levels, which could lead to upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100