- RBC Capital analyst Deane Dray upgraded Emerson Electric Co. EMR to Outperform from Sector Perform and raised the price target to $116 (an upside of 21%), from $104.
- Based on the analyst's Investment Framework, he believes it is the right time in the cycle to own this mid-tier quality Hybrid.
- Dray adds that the shares are trading below their relative P/E support level on valuation, and his SOP implies a 25% upside for a potential value-unlocking breakup.
- Recently, Barclays analyst Julian Mitchell raised Emerson Electric's price target to $99 (an upside of 3.26%) from $98 and maintained an Equal Weight rating on the shares.
- Price Action: EMR shares closed higher by 4.44% at $95.83 on Tuesday.
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