Emerson price target raised to $127 from $119 at Citi

Citi raised the firm’s price target on Emerson (EMR) to $127 from $119 and keeps a Buy rating on the shares. The company’s fiscal Q2 orders were ahead of its prior expectations and still healthy underlying project activity, coupled with signs of accelerating order momentum, provide solid visibility for accelerating organic growth over the course of the year, the analyst tells investors in a research note.