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Emerson price target raised to $112 from $104 at Barclays

Barclays raised the firm’s price target on Emerson (EMR) to $112 from $104 and keeps an Underweight rating on the shares. The firm sees a narrowing in end market growth dispersion, which could also yield a narrowing in the dispersion of estimate revision momentum, and hence valuation multiples, across the multi-industry sector.

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