** Emerson Electric EMR.N raised its full-year profit forecast on Wednesday on the back of strong demand for its automation services and products, that also helped the company report second-quarter earnings ahead of Wall Street estimates
** Average recommendation of 30 brokerages is "buy", median PT is $128.5 - data compiled by LSEG
WIRED FOR GROWTH
** Daiwa Capital Markets ("outperform," PT: $127) says despite some short-term concerns, co's strong presence in the LNG (liquefied natural gas), life sciences, and power industries "keeps us constructive about its prospects"
** RBC Capital Markets ("outperform," PT: $124) says co is set to benefit from increased U.S. oil and gas drilling, automation demand from reshoring, and stricter immigration policies
** "Emerson’s pipeline of clean energy business and its sector-leading China exposure are modest offsets," adds RBC
** BofA Global Research ("buy," PO: $130) says tariffs will negatively impact their financial year 2025 by $245 million, which is equivalent to 2.5% of co's annual revenue, " but pricing and other mitigation actions are expected to offset this within FY25"
** Morningstar (fair value: $111) says co's industrial automation businesses are the strongest, especially its process automation portfolio, which is highly specialized and hard to replace once installed
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com))
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