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Oppenheimer Raises Price Target on Emerson Electric (EMR)

By
February 4th, 2013

Oppenheimer Raises Price Target on Emerson Electric (EMR)

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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.

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.