Goldman Sachs Resumes Coverage of Emerson Electric; "Hold" Rating (EMR)

Goldman Sachs Resumes Coverage of Emerson Electric; “Hold” Rating (EMR)

RSS

Goldman Sachs reported on Thursday that it has resumed coverage of technology company, Emerson Electric Co. (EMR) with a “Neutral” rating.

The firm has resumed coverage of EMR with a “Neutral” rating and $62 price target. This price target suggests a 8.5% increase from the stock’s current price of $56.72.

Analysts view the company as having weak short term growth, but see an upside in the company exposure to emerging markets and potential of network power in the long term.

Emerson Electric shares were down 54 cents, or -0.95% during Thursday morning trading. The stock has increased 9% in the past year.

The Bottom Line
Shares of Emerson Electric Co. (EMR) have a 2.87% yield, based on Wednesday’s closing price of $57.11

Emerson Electric Co. (EMR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today