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Fly News Breaks for November 14, 2019
EMR
Nov 14, 2019 | 05:52 EDT
HSBC analyst Puneet Garg downgraded Emerson Electric to Reduce from Hold with a price target of $64, down from $66. The company reported "muted" Q4 sales and its margin missed expectations, Garg tells investors in a research note. The analyst expects a slowdown in Emerson's end markets to result in an earnings decline. He also believes the stock's valuation is "high" at current levels.
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