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Fly News Breaks for September 14, 2017
EMR
Sep 14, 2017 | 07:46 EDT
JMP Securities analyst Joseph Osha noted that July and August are the strongest two-month comps that Emerson Electric has seen in three years and he continues to believe the "uncertainty discount" seen in the share price is unwarranted. The company is seeing continued strength in automation solutions while commercial and residential orders continue to hold steady, said Osha, who reiterates his Outperform rating and $70 price target on Emerson shares.
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