EMR: Earnings Target Slides 2 years to 2021

Summary:

Target Reset at Investor Day, Original 2019 EPS Construct Pushed Out 2 Years – We attended EMR’s Investor Day in NYC where the company updated its long-term earnings assumptions including the 2019 construct and a new bridge to 2021. CEO Farr strongly suggested that this 2021 target is likely to coincide with his retirement...