Deutsche Bank Reports on Emerson Electric

Deutsche Bank commented on Emerson Electric EMR in a report released today. In the report, Deutsche Bank was positive in its assessment of the company. Deutsche Bank writes, “CEO Dave Farr reassured investors that EMR is addressing the key negatives that have been dominating sentiment since early-March – NP weakness, EM inflation and Japanese supply chain. With this high quality industrial trading at parity to the sector on N12M EPS, we reiterate EMR as one of our top picks.” Deutsche Bank currently has a Buy rating on EMR and a price target of $66. Shares of EMR closed the trading day at $54.07, up $1.25 on the day.