UPDATE 1-Bernstein upgrades Emerson Electric to outperform

* Raises price target to $62 from $53

* Exposure to emerging markets to boost topline growth

May 20 (BestGrowthStock) – Bernstein Research upgraded Emerson
Electric Co (EMR.N: ) to “outperform” from “market perform,”
saying the company’s heavy exposure to emerging markets like
China and India will boost its topline growth.

The industrial conglomerate’s strong balance sheet will
help funding internal initiatives and acquisitions, the
brokerage said.

“We view almost 90 percent of Emerson’s businesses well
positioned in secularly attractive areas, including process
management, network power, industrial automation and climate
technologies,” analyst Steven Winoker said in a note.

Winoker raised his price target on the company’s stock to
$62 from $53.

Shares of the company closed at $46.83 Wednesday on the New
York Stock Exchange.

Stock Investing

(Reporting by Koustav Samanta in Bangalore; Editing by Vinu

UPDATE 1-Bernstein upgrades Emerson Electric to outperform