Barclays raised the firm’s price target on Emerson (EMR) to $118 from $112 and keeps an Underweight rating on the shares. The firm expects “robust” power generation order growth until 2028-2029 with high gas demand growth and increased estimates in the multi-industry sector.
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Read More on EMR:
- Emerson management to meet with KeyBanc
- Emerson price target raised to $146 from $133 at Citi
- Emerson price target raised to $112 from $104 at Barclays
- Emerson price target raised to $135 from $121 at Wells Fargo
- Emerson Electric: Poised for Growth with Innovative Solutions and Margin Expansion Potential
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