Emerson Electric (EMR) to Acquire Pentair's (PNR) Valves & Controls Business in $3.15B Deal
- Wall St lackluster ahead of Easter break, eyes sharp Q1 gains
- Home Depot agrees to buy SRS Distribution, sees TAM expanding to $1 trillion
- US consumer sentiment tops estimates in March to hit nearly 3-yr high, UMich says
- Stocks head into quarter-end on the up; yen on intervention watch
- Dollar gains on euro with Fed's Waller hawkish on rates
- AMC Entertainment (AMC) enters into an equity distribution agreement
- Kerrisdale Capital is short Microstrategy (MSTR), long bitcoin
- Discover Financial Services (DFS) Announces CEO Resignation
- Intuitive Machines (LUNR) Files for $300M Share Offering, 160M Share Offering by Selling Stockholders
- Timken (TKR) Appoints Tarak Mehta as New CEO
Buckingham Research Downgrades Emerson (EMR) to Underperform
August 19, 2016 8:03 AM EDTBuckingham Research downgraded Emerson (NYSE: EMR) from Neutral to Underperform with a price target of $44.00.
For an analyst ratings summary and ratings history on Emerson click here. For more ratings news on Emerson click here.
Shares of Emerson closed at $54.67 yesterday.
... MoreUPDATE: Credit Suisse Downgrades Emerson (EMR) to Neutral
August 19, 2016 6:38 AM EDT(Updated - August 19, 2016 10:48 AM EDT)
Credit Suisse downgraded Emerson (NYSE: EMR) from Outperform to Neutral with a price target of $57 (unchanged). The change follows news it will acquire Pentairs Valves & Controls business for $3.15 billion. Analyst Julian Mitchell said he sees few... More