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Fly News Breaks for November 19, 2018
EMR
Nov 19, 2018 | 18:44 EDT
Stephens analyst Rob McCarthy initiated Emerson with an Overweight rating and a price target of $80. The analyst says the company is well-managed globally diversified industrial conglomerate with "solid" leverage to oil, gas, energy, and petrochemicals market along with a "strong market position" in industrial and consumer end markets. McCarthy further points to order growth across Emerson's business remaining in positive territory since early 2017, with expectations of continued growth in 5%-10% range.
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