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Fly News Breaks for August 19, 2016
EMR
Aug 19, 2016 | 06:16 EDT
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.
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