UBS Maintains Neutral on Emerson Electric, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Chris Snyder has maintained a Neutral rating on Emerson Electric (NYSE:EMR) and reduced the price target from $104 to $95.
November 22, 2023 | 5:12 pm
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NEUTRAL IMPACT
UBS analyst Chris Snyder maintained a Neutral rating on Emerson Electric and lowered the price target from $104 to $95.
The reduction in price target by UBS reflects a more conservative valuation of Emerson Electric, which could lead to a neutral short-term impact on the stock price. The maintenance of a Neutral rating suggests no significant change in the company's outlook, while the lowered price target may indicate a tempered growth expectation or perceived risks.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100