UBS Downgrades Emerson Electric to Neutral, Raises Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Chris Snyder has downgraded Emerson Electric (NYSE:EMR) from Buy to Neutral, while raising the price target from $97 to $104.
October 03, 2023 | 10:12 am
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NEUTRAL IMPACT
Emerson Electric's rating has been downgraded to Neutral from Buy by UBS, but the price target has been raised to $104 from $97.
The downgrade to Neutral suggests that UBS sees limited upside potential for Emerson Electric in the near term. However, the raised price target indicates that UBS still sees some value in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100