Wells Fargo lowered its price target for Emerson Electric stock from $137 to $128, maintaining its overweight rating.
Wells Fargo lowered its price target for Emerson Electric stock from $137 to $128, maintaining its overweight rating. Emerson Electric reported earnings of $1.43 per share, exceeding analysts' consensus estimates of $1.42 by $0.01, and revenue of $4.38 billion, slightly below analysts' expectations of $4.44 billion. Other firms have also updated their price targets for Emerson Electric, with Barclays raising its target to $110 and Deutsche Bank Aktiengesellschaft upgrading from a hold to a buy rating and setting a $138 target price. The company's stock is owned by institutional investors and hedge funds to the tune of 74.30%.
August 12, 2024
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