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Fly News Breaks for June 5, 2019
EMR
Jun 5, 2019 | 08:03 EDT
Credit Suisse analyst John Walsh lowered his price target for Emerson to $74 from $80 following share underperformance and as he sees tariffs and commodity price volatility as near-term clouds, but not detractors to his long-term view. While the analyst notes that it is not surprising to see Emerson impacted by oil prices, the analyst thinks the recent selloff underappreciates its exposure to upcoming LNG investments, internal margin levers, and free cash flow generation. Walsh reiterates an Outperform rating on the shares.
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