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EMR

Emerson

$67.21

(0.00%)

09:43
10/15/19
10/15
09:43
10/15/19
09:43

D.E. Shaw report calling for Emerson split coming today, CNBC reports

D.E. Shaw has over a 1% position in Emerson Electric and will make public today a report that offers a "searing indictment" of the company's long time CEO David Farr and of its board of directors, CNBC's David Faber reports. D.E. Shaw is asking Emerson to split its industrial automation business from its climate technology business and embark on a significant effort to cut costs, according to Faber. The hedge fund also wants Emerson to change its metrics for long-term incentive compensation and unstagger its board so that all directors come up for a vote every year and note the board, Faber points out. Shares of Emerson are down 45c to $66.76 in early trading. Reuters reported on September 27 that D.E. Shaw has built a stake in Emerson and is pushing for a breakup. Reference Link

  • 05

    Nov

EMR Emerson
$67.21

(0.00%)

08/13/19
ARGS
08/13/19
DOWNGRADE
ARGS
Hold
Emerson downgraded to Hold from Buy at Argus
08/13/19
08/13/19
DOWNGRADE

Hold
Emerson downgraded to Hold from Buy at Argus
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.
09/30/19
RBCM
09/30/19
UPGRADE
Target $77
RBCM
Outperform
Emerson upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Deane Dray upgraded Emerson Electric to Outperform from Sector Perform and raised his price target for the shares to $77 from $65.
09/30/19
09/30/19
UPGRADE
Target $77

Outperform
Emerson upgraded to Outperform from Sector Perform at RBC Capital
As previously reported, RBC Capital analyst Deane Dray upgraded Emerson Electric to Outperform from Sector Perform and raised his price target for the shares to $77 from $65. The analyst cites the stock's relative earnings multiple being at the bottom of its historical range, with added upward bias coming from the company's quality cyclical exposure and his ongoing "75% defensive sector weighting". Dray further speculates that Emerson Electric CEO Dave Farr may push for a break-up of the company prior to his expected retirement in FY21-22, unlocking shareholder value.

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AMRN

Amarin

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JCOM

j2 Global

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EGFEY

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SPLK

Splunk

$119.15

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CANG

Cango

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BPIRD

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MUFG

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