As previously reported, Argus analyst John Eade downgraded Emerson to Hold after its recent disappointing Q3 results, with earnings rising at a slower pace relative to prior quarters orders tracking weak. The analyst also points to the stock underperforming over the past quarter while trading in a bearish pattern of lower highs and lower lows that dates to October 2018. Ease still expects Emerson to generate high single-digit earnings and 3-4% revenue growth with margin improvement over the longer term, but sees its near-term trends challenged by slower sales and compressing margins from acquisition integration and tariffs.