Core Insights - JPMorgan has revised its price targets upward for both Emerson Electric (EMR) and J Sainsbury Plc (SBRY), indicating a more optimistic outlook for these companies despite recent unverified reports suggesting reductions [2][5]. Emerson Electric (EMR) - JPMorgan raised the price target for Emerson Electric to $151 from $135 on October 15, 2025, marking an increase of 11.85% while maintaining a Neutral rating [3][8]. - The adjustment is part of a Q3 earnings preview for the electrical equipment and multi-industry sector, with JPMorgan expressing a cautious near-term view but noting that the valuation setup is now more attractive [3]. J Sainsbury Plc (SBRY) - For J Sainsbury Plc, JPMorgan increased its price target to 363p from 330p on September 15, 2025, while reiterating an Overweight rating [4][8]. - This upward revision was made ahead of the company's first-half 2026 earnings report, with analysts upgrading their first-half EBIT estimates by approximately 6.5% and fiscal year 2026 estimates by around 5.5%, positioning forecasts about 10% above company guidance and consensus for retail adjusted operating profit [4].
JPMorgan Adjusts Price Targets for Sainsbury and Emerson, Contrary to Recent Speculation