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Emerson price target raised to $150 from $130 at TD Cowen

TD Cowen raised the firm’s price target on Emerson (EMR) to $150 from $130 and keeps a Buy rating on the shares following a transfer of coverage. The firm says strength in the company’s Process unit, a possible discrete recovery, and consistent upgrading of the margin profile through acquisitions drives its bullish view on the shares.

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