Morgan Stanley Initiates Coverage On Emerson Electric with Underweight Rating, Announces Price Target of $105
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has initiated coverage on Emerson Electric with an Underweight rating and set a price target of $105.
September 06, 2024 | 1:48 pm
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Morgan Stanley has initiated coverage on Emerson Electric with an Underweight rating and a price target of $105, suggesting potential downside.
The Underweight rating and price target of $105 from Morgan Stanley suggest that the stock may underperform relative to the market. This could lead to a negative short-term impact on EMR's stock price as investors react to the analyst's bearish outlook.
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