Analyst Joseph C Giordano from TD Cowen maintained a Buy rating on Emerson Electric Company and keeping the price target at $150.00.
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Joseph C Giordano has given his Buy rating due to a combination of factors including the anticipated significant acceleration in orders at Emerson Electric Company’s T&M segment, which is expected to see a 20% increase in the upcoming quarter. This positive trend aligns with industry peers, but the level of expected growth at Emerson is notably higher, indicating a strong potential for improved performance.
Additionally, the magnitude of the turnaround in the discrete segment is seen as the next potential catalyst for further growth. These factors collectively suggest a promising outlook for Emerson Electric Company, justifying the Buy rating.