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Emerson price target raised to $104 from $99 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on Emerson (EMR) to $104 from $99 and keeps an Underweight rating on the shares following the earnings report. The company is executing very well operationally, but its end market exposures “will hold the stock back,” the analyst tells investors in a research note.

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