Citi maintains buy rating on Emerson stock, price target set at $128 By Investing.com
On Tuesday, Citi reaffirmed its Buy rating on Emerson (NYSE:) with a consistent price target of $128.00. The firm’s analysis followed Emerson’s disclosure of their fourth fiscal quarter of 2024 results and the initial outlook for fiscal year 2025.
Emerson’s performance was deemed solid by the analyst, with a positive growth outlook and strong operating leverage anticipated to continue. Although the 2% increase in underlying orders for the fourth fiscal quarter, compared to 3% in the third, was seen as slightly underwhelming, it aligned with Emerson’s expectations for the second half and full year to be at a low single-digit percentage increase.
In addition to financial results, Emerson announced strategic moves aimed at finalizing its…
