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EMR

Emerson

$53.39

-0.3 (-0.56%)

07:59
10/07/16
10/07
07:59
10/07/16
07:59

Emerson initiated with a Reduce at HSBC

HSBC analyst Debashis Chand initiated Emerson with a Reduce and a $42 price target given unfavourable end market exposure and does not expect any earnings upgrades soon despite the ongoing restructuring initiatives.

EMR Emerson
$53.39

-0.3 (-0.56%)

08/08/16
08/08/16
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Oracle (ORCL) and Tableau (DATA) initiated with a Buy at Rosenblatt. 2. Baker Hughes (BHI) and Halliburton (HAL) initiated with an Underweight at Atlantic Equities. 3. Emerson (EMR) reinstated with a Neutral at JPMorgan. 4. Level 3 (LVLT) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/19/16
FBCO
08/19/16
DOWNGRADE
Target $57
FBCO
Neutral
Emerson downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Julian Mitchell downgraded Emerson to Neutral following the company's acquisition of Pentair's Valves & Controls business for $3.15B. The analyst sees "few catalysts ahead" following Emerson's recent portfolio announcements. Mitchell views the stock's risk/reward as balanced and keeps a $57 price target for the shares.
08/19/16
BUCK
08/19/16
DOWNGRADE
Target $44
BUCK
Underperform
Emerson downgraded to Underperform from Neutral at Buckingham
Buckingham analyst Joshua Pokrzywinski downgraded Emerson (EMR) to Underperform and reduced its price target to $44 from $49. The analyst believes the purchase of Pentair's (PNR) Valves & Controls business adds increased risk to earnings over the next several years, including dividend sustainability, while diluting the quality of the portfolio. Pokrzywinski believes the strategic overlap is less than ideal with the high quality Process portfolio and sees synergy targets as aggressive absent pricing improvement.
10/03/16
BREN
10/03/16
INITIATION
Target $41
BREN
Sell
Emerson initiated with a Sell at Berenberg
Berenberg analyst Simon Toennessen initiated Emerson with a Sell and a $41 price target due to cyclical pressures, a lackluster dividend outlook, valuation, and lack of transformative M&A.

TODAY'S FREE FLY STORIES

APRN

Blue Apron

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VRX

Valeant

$18.09

0.9399 (5.48%)

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  • 24

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SPY

SPDR S&P 500 ETF Trust

$243.04

-0.45 (-0.18%)

, SPX

S&P 500

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Technical View: S&P 500 falls below range midpoint and pivot low »

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MODN

Model N

$12.95

-0.0001 (-0.00%)

10:06
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Initiation
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SNAP

Snap

$17.98

0.22 (1.24%)

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Snap Inc. call volume above normal and directionally bullish »

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  • 19

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Euro$ interest rate futures slumped »

Euro$ interest rate…

MSFT

Microsoft

$69.80

0.59 (0.85%)

10:03
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  • 20

    Jul

10:00
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Today's U.S. reports »

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SCSS

Select Comfort

$31.98

0.46 (1.46%)

09:59
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Technical Analysis
Technical View: Select Comfort spikes higher »

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DDAIF

Daimler AG

$74.10

0.9 (1.23%)

09:56
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Periodicals
German Mercedes workers to protest amid electric-car shift, Bloomberg says »

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AYI

Acuity Brands

$197.98

18.25 (10.15%)

, STZ

Constellation Brands

$195.70

12.02 (6.54%)

09:55
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Options
Early notable gainers among liquid option names on June 29th »

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AYI

Acuity Brands

$197.98

18.25 (10.15%)

STZ

Constellation Brands

$195.70

12.02 (6.54%)

RF

Regions Financial

$14.74

0.65 (4.61%)

FITB

Fifth Third

$25.49

0.4 (1.59%)

C

Citi

$67.41

2.23 (3.42%)

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  • 29

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SCSS

Select Comfort

$31.98

0.46 (1.46%)

, TPX

Tempur Sealy

$52.98

2.105 (4.14%)

09:51
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Hot Stocks
Select Comfort strength attributed to takeover speculation »

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SCSS

Select Comfort

$31.98

0.46 (1.46%)

TPX

Tempur Sealy

$52.98

2.105 (4.14%)

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09:50
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General news
Bloomberg Consumer Comfort Index Level data reported »

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MSFT

Microsoft

$69.80

0.59 (0.85%)

09:48
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Microsoft to acquire Cloudyn, terms not disclosed »

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  • 20

    Jul

RAD

Rite Aid

$3.03

-0.8954 (-22.78%)

, WBA

Walgreens Boots Alliance

$77.09

-0.17 (-0.22%)

09:46
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Conference/Events
Rite Aid to host business news update conference call »

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RAD

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WBA

Walgreens Boots Alliance

$77.09

-0.17 (-0.22%)

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  • 29

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THO

Thor Industries

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Senate Banking, Housing & Urban Affairs Committee to hold a hearing »

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FTV

Fortive

09:45
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  • 29

    Jun

APRN

Blue Apron

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Breaking Syndicate news story on Blue Apron »

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  • 29

    Jun

AYI

Acuity Brands

09:42
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Technical Analysis
Technical View: Acuity Brands up sharply after results and 2M share buyback »

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  • 29

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CYRX

Cryoport

$4.78

0.25 (5.52%)

09:42
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Periodicals
Cryoport mentioned cautiously by TheStreetSweeper 

Reference Link

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APRN

Blue Apron

09:41
06/29/17
06/29
09:41
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Syndicate
Breaking Syndicate news story on Blue Apron »

Blue Apron indicated to…

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  • 29

    Jun

LULU

lululemon

$56.16

1.12 (2.03%)

09:41
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Hot Stocks
lululemon rises after Chairman discloses purchase of 100,000 shares »

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VGK

The Vanguard FTSE Europe ETF

, CAG

Conagra Brands

09:40
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Options
Unusually active option classes on open June 29th »

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The Vanguard FTSE Europe ETF

CAG

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V

Visa

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Conference/Events
House Committee on Natural Resources holds a hearing »

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