Emerson Electric’s Analyst Meeting Review
<p>RBC Capital raised its price target on <a href='https://financialmodelingprep.com/financial-summary/EMR'>Emerson Electric Co. (NYSE:EMR)</a> following the company’s annual analyst meeting, where CEO Lal Karsanbhai and team outlined the company’s new automation pure-play roadmap. </p>
<p>Fiscal 2023 guidance was reiterated. The analysts said they liked hearing that 30% of the portfolio is levered to double-digit growth secular tailwinds and that the company is focused on expanding in four key adjacencies (industrial software, test & measurement, factory automation, and smart grid solutions). </p>
<p>Investors remain most focused on where Emerson will redeploy its balance sheet following the Climate Technologies and InSinkErator deals, but RBC Capital analysts remain confident that management will continue to pursue diligent capital deployment and strategic fit. </p>

NYSE:EMR