Barclays Forecasts Strong Price Appreciation for Emerson Electric (NYSE:EMR) Stock

Barclays Forecasts Strong Price Appreciation for Emerson Electric (NYSE:EMR) Stock

Barclays upped their target price on shares of Emerson Electric from $112.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday.

With analysts bullish, are we on the cusp of a golden era for Barclays shares?

After spending the best part of a decade in the doldrums, investors have become increasingly optimistic about the prospects for Barclays (LSE: BARC) shares. The share price might have risen over 200% in the past five years, but with net interest income expected to march higher, I maintain there’s a lot of value left in the stock. Analyst forecasts I must admit I generally take analyst share price predictions with a pinch of salt. They are, after…

Barclays Issues Positive Forecast for Emerson Electric (NYSE:EMR) Stock Price

Emerson Electric (NYSE:EMR – Free Report) had its target price boosted by Barclays from $112.00 to $118.00 in a report published on Monday,Benzinga reports. The firm currently has an underweight rating on the industrial products company’s stock. A number of other brokerages have also recently commented on EMR. Robert W. Baird lowered their price objective […]