Reported 10 days ago
JPMorgan has raised its price target for Emerson Electric Co. (NYSE:EMR) from $135 to $151 while maintaining a Neutral rating. The firm expressed a cautious view on the electrical equipment sector but acknowledged more attractive valuations. Emerson has transformed into a leaner company focused on automation and software, boasting a strong dividend growth record. While it presents promising investment potential, JPMorgan notes that some AI stocks may offer better upside opportunities.
Source: YAHOO