Deutsche Bank Upgrades Emerson Electric to Buy, Raises Price Target to $138
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Nicole Deblase upgraded Emerson Electric (EMR) from Hold to Buy and increased the price target from $123 to $138.
May 09, 2024 | 9:54 am
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Emerson Electric was upgraded by Deutsche Bank from Hold to Buy, with a price target increase from $123 to $138.
Upgrades by major financial institutions like Deutsche Bank typically lead to positive short-term price movements for stocks. The increase in price target suggests a strong confidence in the company's future performance, potentially leading to increased investor interest and a rise in stock price.
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