JP Morgan Downgrades Emerson Electric to Neutral, Lowers Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Stephen Tusa has downgraded Emerson Electric (NYSE:EMR) from Overweight to Neutral and lowered the price target from $132 to $115.
August 14, 2024 | 11:36 am
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JP Morgan analyst Stephen Tusa downgraded Emerson Electric from Overweight to Neutral and reduced the price target from $132 to $115.
The downgrade from Overweight to Neutral and the reduction in the price target from $132 to $115 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and could lead to a short-term decline in Emerson Electric's stock price.
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