Emerson Electric Company (EMR) Receives Price Target

Emerson Electric Company (EMR) stock is expected to deviate a maximum of $4.22 from the average target price of $50.17 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $58 and the most muted being $43.

Emerson Electric Company (EMR) : Zacks Investment Research ranks Emerson Electric Company (EMR) as 5, which is a Strong Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.94, which indicates as a Hold.


Also, Major Brokerage house, Credit Suisse downgrades its ratings on Emerson Electric Company (NYSE:EMR). In the latest research report, Credit Suisse maintains the target price to $57 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on August 19, 2016.

Emerson Electric Company (NYSE:EMR): The stock opened at $53.01 on Thursday but the bulls could not build on the opening and the stock topped out at $53.01 for the day. The stock traded down to $52.18 during the day, due to lack of any buying support eventually closed down at $52.66 with a loss of -0.04% for the day. The stock had closed at $52.68 on the previous day. The total traded volume was 4,259,234 shares.

Emerson Electric Co. is engaged in offering technology and engineering together that provides solutions for customers in industrial, commercial, and consumer markets around the world. The company operates through five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes. The Industrial Automation segment provides integrated manufacturing solutions to its customers at the source of manufacturing their own products. The Network Power segment designs, manufactures, installs and maintains products providing grid-to-chip electric power conditioning. The Climate Technologies segment provides products and services for the climate control industry. The Companys Commercial & Residential Solutions segment offers a range of tools, storage products and appliance solutions.

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