BMO initiates coverage on US industrial manufacturers, lifts long-term outlook

Emerson Electric Co

27/03/2026 11:45

** BMO initiates coverage on U.S.-based industrial manufacturers Eaton ETN.N, Emerson EMR.N and Ametek AME.N

** Brokerage rates Eaton and Ametek "outperform" and Emerson "market perform"

** Sets PT of $428 for Eaton, $150 for Emerson and $253 for Ametek

** Says spending on AI, power, aerospace and infrastructure will continue to drive industrial growth and long-term, high-margin opportunities

** Adds deep backlogs and sustained capex across key industrial end-markets support growth visibility beyond 2026

** As of last close, the S&P 500 Industrials index .SPLRCI up 4% YTD

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))