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

By
March 21st, 2013

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

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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.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.