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Fly News Breaks for February 14, 2018
EMR
Feb 14, 2018 | 08:21 EDT
As reported earlier, RBC Capital analyst Deane Dray upgraded Emerson to Outperform from Sector Perform and raised his price target to $80 from $75 ahead of the company's analyst meeting tomorrow. Dray cites the setup for "upside organic growth, opportunistic M&A from the company's $1B of repatriated foreign cash, and tax reform benefits" positioning Emerson well to boost its FY21 targets.
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