Oppenheimer Raises Price Target on Emerson Electric (EMR)
Oppenheimer reported on Monday that they have increased their price target on global technology company, Emerson Electric Co.(EMR).
The firm, which currently has a “Perform” rating on EMR, has increased the company’s price target to $63. This price target suggests a 8.5% increase to the stock’s current price of $57.66.
Analysts have raised the company’s price target based on the recovery of premium.
Emerson shares were down 39 cents, or -0.67% during Monday morning trading. The stock has increased 10% in the past year.
The Bottom Line
Shares of Emerson Electric Co.(EMR) have a 2.82% yield, based on Friday’s closing price of $58.08.
Emerson Electric Co.(EMR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability