Emerson Electric gains after Jefferies assumes coverage with 'buy' rating

Emerson Electric Co

31/03/2026 15:54

Updates

** Shares of engineering solutions provider Emerson Electric EMR.N rise 3% to $127

** Jefferies assumes coverage of the stock with "buy" rating, PT $175

** New PT represents a 41.93% upside to stock's last close

** Brokerage cites accelerating earnings growth, order momentum in secular growth verticals, a resilient MRO-based business model and attractive free cash flow as factors for the "buy" rating

** 20 of 31 brokerages rate the stock "buy" or higher, 10 "hold" and 1 "sell" or lower; median PT is $170 - LSEG data

** Including session's moves, stock down 4% YTD, compared with a 6.2% decline in the S&P 500 .SPX

(Reporting by Ragini Mathur in Bengaluru)

((Ragini.Mathur@thomsonreuters.com;))