JPMorgan Raises Emerson (EMR) Price Target to $151, Maintains Neutral Rating

Core Viewpoint - JPMorgan has raised the price target for Emerson Electric Co. (EMR) from $135 to $151 while maintaining a Neutral rating, reflecting a cautious outlook for the electrical equipment sector but noting more appealing valuations [2]. Company Overview - Emerson Electric Co. is an American manufacturing company that provides a diverse range of products and services across commercial, industrial, and consumer markets [1]. - The company has undergone significant transformation in recent years, focusing on process and industrial automation, industrial software, and related fields such as automated testing and measurement [3]. Financial Performance - Emerson has a strong track record of rewarding shareholders, boasting 67 consecutive years of dividend growth. The current quarterly dividend is $0.5275 per share, resulting in a dividend yield of 1.64% as of October 16 [4].