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