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Oppenheimer Maintains Emerson Electric(EMR.US) With Buy Rating, Raises Target Price to $150

Futu News ·  Nov 7 21:31  · Ratings

Oppenheimer analyst Christopher Glynn maintains $Emerson Electric (EMR.US)$ with a buy rating, and adjusts the target price from $125 to $150.

According to TipRanks data, the analyst has a success rate of 64.1% and a total average return of 17.1% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Emerson Electric (EMR.US)$'s main analysts recently are as follows:

  • Post-fiscal Q4 reporting, expectations are for a favorable market response as the completion of the Aspen Technology transaction is imminent. This, coupled with guidance for Q1 that aligns with current projections and prevailing bearish investor sentiment, could sway share performance positively.

  • Emerson's fourth quarter core adjusted segment EBITA outperformance and fiscal 2025 guidance, which was slightly above the consensus, played a role in the positive market response. The primary driver for the rally in shares, however, is attributed to strategic announcements made by the company. Emerson revealed three critical strategic actions that finalizes its transformation into a leading industrial technology company with a focus on advanced automation solutions. The market has yet to fully recognize the value of the revamped Emerson in its current stock valuation.

  • The performance of shares was noted to have improved following the announcement of Q4 results and portfolio transformation actions. Management indicated that FY24 growth is expected to be propelled by Process and Hybrid businesses, although this is somewhat counterbalanced by the continuing softness in Discrete end markets. Nevertheless, a positive inflection in Discrete orders was observed in Q4, and the outlook is cautiously optimistic based on management's suggestion that these markets may have reached their lowest point.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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