Showing posts with label Emerson Electric. Show all posts
Showing posts with label Emerson Electric. Show all posts
Friday, October 12, 2012
EnCana (ECA) (EMR) (FE) (NTi) (PXP) (WR) Ratings Initiations
EnCana Co. (ECA), Emerson Electric Co. (EMR), FirstEnergy Corp. (FE), Northern Tier Energy (NTi), Plains Exploration & Production Company (PXP) and Westar Energy, Inc. (WR) had ratings on them initiated by analysts.
National Bank initiated coverage on EnCana Co. (ECA). They have a "Sector Perform" rating and price target of $23.00 on the company.
Deutsche Bank initiated coverage on Emerson Electric Co. (EMR). They have a "Hold" rating and price target of $53.00 on the company.
Goldman Sachs initiated coverage on FirstEnergy Corp. (FE). They have a "Neutral" rating and price target of $44.00 on the company.
Deutsche Bank (DB) initiated coverage on Northern Tier Energy (NTi). They have a "Buy" rating and price target of $25.00 on the company.
BMO Capital Markets initiated coverage on Plains Exploration & Production Company (PXP). They have a "Outperform" rating and price target of $45.00 on the company.
Ladenburg Thalmann initiated coverage on Westar Energy, Inc. (WR). They have a "Neutral" rating and price target of $31.50 on the company.
Thursday, November 4, 2010
Emerson Electric (NYSE:EMR) Should Finish 2010 Strong, but Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), 3M (NYSE:3M), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU) Have More Upside
FBR Capital said they like the portfolio mix of Emerson Electric (NYSE:EMR), and maintained their "Market Perform on them, although they said they believe competitors like 3M (NYSE:3M), Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU) have strong growth potential.
"With regard to the shares, we like Emerson’s portfolio mix at this stage in the cycle, and we expect continuing positive trends in the company’s mid- to late-cycle businesses. Even as near-term incremental margins could be muted in the 25%–30% range as the company boosts investments, we see positives in the higher long-term growth trajectory. That said, at 15.6x our above-consensus estimates, EMR shares are trading at a 12% P/E premium to large-cap peers, and we see greater upside to our price targets in Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), 3M (NYSE:3M), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU). We are increasing our FY12 EPS estimate from $3.75 to $4.00, reflecting better growth"outlook," said FBR.
Emerson closed Wednesday at $54.58, losing $0.14, or 0.26 percent. FBR raised their price target on Emerson from $58 to $60.
"With regard to the shares, we like Emerson’s portfolio mix at this stage in the cycle, and we expect continuing positive trends in the company’s mid- to late-cycle businesses. Even as near-term incremental margins could be muted in the 25%–30% range as the company boosts investments, we see positives in the higher long-term growth trajectory. That said, at 15.6x our above-consensus estimates, EMR shares are trading at a 12% P/E premium to large-cap peers, and we see greater upside to our price targets in Cooper (NYSE:CBE), Illinois Tool (NYSE:ITW), 3M (NYSE:3M), Tyco (NYSE:TYC), Wesco (NYSE:WCC), and Actuant (NYSE:ATU). We are increasing our FY12 EPS estimate from $3.75 to $4.00, reflecting better growth"outlook," said FBR.
Emerson closed Wednesday at $54.58, losing $0.14, or 0.26 percent. FBR raised their price target on Emerson from $58 to $60.
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