Emerson price target raised to $133 from $127 at Citi

Citi raised the firm’s price target on Emerson (EMR) to $133 from $127 and keeps a Buy rating on the shares. Emerson earnings could be more resilient versus investor expectations given the company’s “strong” underlying profitability and “meaningful self-help opportunities,” the analyst tells investors in a research note. Citi views the stock’s recent de-rating as :having gone too far” versus the concerns that are out there given Emerson’s “favorable exposure” to secular long-term tailwinds and the company’s earnings quality. The stock remains a top pick at Citi.