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Emerson price target raised to $133 from $113 at JPMorgan

JPMorgan analyst Stephen Tusa raised the firm’s price target on Emerson (EMR) to $133 from $113 and keeps a Neutral rating on the shares. The electrical equipment and multi-industry sector has re-rated due to tariff de-escalation, and is now expensive on an absolute basis, the analyst tells investors in a research note. The firm adjusted price targets to reflect a higher absolute anchor multiple that reflects the move up in the S&P 500. JPMorgan prefers companies who guided conservatively, “embedding the harshest tariff reality.”

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