JPMorgan noted that over the past ten years, other than earnings release dates, an orders report from Emerson has come out in the forward month only once, adding that the fact that its usual report is "officially on the late side" has resulted in the firm receiving many questions. It is possible the company is holding off on reporting orders because of something big strategically, but the firm believes a weaker than expected orders report, along with an associated downward revision to earnings, is more likely. The firm said its still cautious on most industrial cyclical names in the sector and keeps a Neutral rating on Emerson shares, which are down 72c, or 1.27% , to $55.90 in late trading.