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.
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