Citigroup Maintains Buy on Emerson Electric, Lowers Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Kaplowitz has maintained a 'Buy' rating on Emerson Electric (NYSE:EMR), but lowered the price target from $112 to $109.
November 08, 2023 | 7:14 pm
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Emerson Electric's price target has been lowered by Citigroup from $112 to $109, though the 'Buy' rating is maintained.
The news is directly about Emerson Electric (EMR). While the lowering of the price target might be seen as a negative, the maintenance of the 'Buy' rating indicates that Citigroup still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100