Nomura Securities Maintains a 'Neutral' on Emerson (EMR); Adjusts PT & Estimates

Nomura Securities maintains a 'Neutral' on Emerson (NYSE: EMR) price target raised $2 to $53..

Nomura analyst, Shannon O’Callaghan, said, "Outside of the strong Process business, Emerson has things to deal with (much slower orders in Industrial Automation, more deal digestion and pruning drag in Network Power, and a tough Climate Tech market) but management is taking positive actions by increasing restructuring, growth investments, and the dividend, which could help to restore confidence and support the stock. We are raising our 2012 EPS estimate to $3.55 and establishing 2013 at $3.95...Emerson is taking positive actions but we would like to see further stabilization in order trends."

For more ratings news on Emerson click here and for the rating history of Emerson click here.

Shares of Emerson closed at $48.31 yesterday.

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