EMR: Earnings Target Slides 2 years to 2021
|Date:||February 16, 2017|
|Authors:||Jeffrey T. Sprague, Brett Linzey, John Walsh, Paul Cho|
|Rating:||Hold (at time of publication)|
|Company:||Emerson Electric Co|
|Vertical:||Electrical Equipment & Multi-Industry|
|Price Target:||$ 65.00 (at time of publication)|
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...