A Glimpse Into The Expert Outlook On Emerson Electric Through 7 Analysts
Portfolio Pulse from Benzinga Insights
Emerson Electric (NYSE:EMR) received 7 analyst ratings in the last quarter, with an average 12-month price target of $108.43, up from the previous $107.00. Ratings include 1 bullish, 4 somewhat bullish, and 2 indifferent. Analysts from Wells Fargo, UBS, Stephens & Co., RBC Capital, Citigroup, and Keybanc have adjusted their price targets and ratings, reflecting their views on the company's market position, revenue growth, net margin, ROE, ROA, and debt management. Emerson Electric operates in automation equipment and services, with significant interests in AspenTech and a former National Instruments business.
December 19, 2023 | 3:01 pm
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POSITIVE IMPACT
Emerson Electric's stock may see a positive short-term impact due to the overall positive analyst ratings and the increased average price target from $107.00 to $108.43.
The positive sentiment from the majority of analysts, with 5 out of 7 leaning towards bullish or somewhat bullish ratings, and the increase in the average price target suggest optimism about EMR's future performance. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100