Mizuho Upgrades Emerson Electric to Buy, Announces $118 Price Target
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Brett Linzey upgraded Emerson Electric (NYSE:EMR) from Neutral to Buy and set a price target of $118. This upgrade suggests a positive outlook for Emerson Electric's stock performance.
January 04, 2024 | 2:14 pm
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Emerson Electric was upgraded by Mizuho analyst Brett Linzey from Neutral to Buy with a new price target of $118, indicating a positive future performance.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved future performance or undervaluation at current prices. The new price target of $118 by Mizuho represents a significant potential upside from current levels, which can attract investors and drive up the stock price in the short term.
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