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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Read More on EMR:
- Emerson price target raised to $135 from $121 at Wells Fargo
- Emerson Electric: Poised for Growth with Innovative Solutions and Margin Expansion Potential
- Emerson price target raised to $150 from $135 at Mizuho
- Emerson price target raised to $133 from $113 at JPMorgan
- Emerson price target raised to $133 from $127 at Citi
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