Emerson price target raised to $155 from $130 at BofA

BofA raised the firm’s price target on Emerson (EMR) to $155 from $130 and keeps a Buy rating on the shares. The firm’s summit with distributors provided no big surprises, with the firm telling investors in a research note that short-cycle data points are not “great,” but not worse, and in some areas sound solid. BofA argues that a discount is warranted given by higher financial leverage and merger integration risks.