Analysts Bump Up Emerson Electric Price Target After Q1 Earnings

Analysts raised the price target on Emerson Electric Co EMR post Q1 results.
Morgan Stanley analyst Joshua Pokrzywinski raised Emerson Electric Co's EMR price target to $108 (an upside of 11.3%) from $102 and maintained an Equal-Weight rating on the shares.
Credit Suisse analyst John Walsh raised the price target to $112 (an upside of 15.4%) from $111 and kept an Outperform rating on the shares.
Related: Emerson Electric Reports 8% Sales Growth In Q1; Raises FY22 Guidance.
Citi analyst Andrew Kaplowitz raised the price target to $123 from $120 and maintained a Buy rating on the shares.
Kaplowitz mentions the company's "strong" Q1 earnings and a raised fiscal 2022 outlook is supported by recent order momentum and highlights Emerson's solid positioning for sustained earnings growth runway in a recovering global economic environment.
Price Action: EMR shares are trading lower by 0.45% at $97.13 on the last check Thursday.

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