UBS Maintains a 'Neutral' on Emerson (EMR); Positive Outlook Despite Challenging Macro
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Price: $157.26 +1.64%
Rating Summary:
26 Buy, 20 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
26 Buy, 20 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UBS maintains a 'Neutral' on Emerson (NYSE: EMR) price target raised from $48 to $51.
UBS analyst says, "FY12 guidance: EPS +8-12% with total sales +4-6% (+5-7% organic) - Operating profit margin est. ~18% vs. 17.5% in FY11. Segment details: Climate looks challenging in 1H12 with potential for 2H improvement, further improvement expected at Network Power, with outlook for good growth at Process, Ind. Automation and Tools. Other ’12 expectations: Price / cost dynamic to turn positive, growth investment/ restructuring of ~$50m (w/ heavy spend in Europe & NP), up from $35m in ’11, and Thailand flooding supply chain impact of $300-400m on 1Q sales. EMR also expects headwinds from pension (~$30m) and Medicare supplement changes (~$20m in 1Q)."
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.
UBS analyst says, "FY12 guidance: EPS +8-12% with total sales +4-6% (+5-7% organic) - Operating profit margin est. ~18% vs. 17.5% in FY11. Segment details: Climate looks challenging in 1H12 with potential for 2H improvement, further improvement expected at Network Power, with outlook for good growth at Process, Ind. Automation and Tools. Other ’12 expectations: Price / cost dynamic to turn positive, growth investment/ restructuring of ~$50m (w/ heavy spend in Europe & NP), up from $35m in ’11, and Thailand flooding supply chain impact of $300-400m on 1Q sales. EMR also expects headwinds from pension (~$30m) and Medicare supplement changes (~$20m in 1Q)."
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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