Wells Fargo Maintains Overweight on Emerson Electric, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph O'Dea has maintained an Overweight rating on Emerson Electric (NYSE:EMR) and increased the price target from $100 to $120.
December 19, 2023 | 1:44 pm
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POSITIVE IMPACT
Wells Fargo analyst Joseph O'Dea reaffirmed an Overweight rating on Emerson Electric and raised the price target to $120, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Joseph O'Dea suggests a strong conviction in Emerson Electric's future performance. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100