Stephens & Co. Downgrades Emerson Electric to Equal-Weight, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. has downgraded Emerson Electric from Overweight to Equal-Weight and reduced its price target from $135 to $120.
October 16, 2024 | 5:34 pm
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Stephens & Co. has downgraded Emerson Electric from Overweight to Equal-Weight and reduced its price target from $135 to $120.
The downgrade from Overweight to Equal-Weight by Stephens & Co. suggests a less bullish outlook on Emerson Electric's stock, which could lead to a negative short-term impact on its stock price. The lowered price target from $135 to $120 further supports this view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100