December 22, 2011 at 08:41 AM EST
Emerson Electric Catches Negative Commentary from Two Major Analysts (EMR)

Technology and engineering services provider Emerson Electric Co. (EMR) on Thursday saw its price target and earnings estimates lowered by analysts at two major Wall Street firms.

UBS maintained its “Neutral” rating on EMR but cut its price target to $50. That new target suggests a smaller 6% upside to the stock’s Wednesday closing price of $46.97. UBS also lowered its earnings estimates for the company, citing climate factors and a lack of growth in year-over-year orders.

Meanwhile, analysts at Citigroup lowered their price target to $56, suggesting a 19% upside. The firm maintained its “Buy” rating on EMR but cut its earnings estimates, noting recent flooding in Thailand, destocking of its products, and weakening demand in some segments.

Emerson Electric shares were unchanged in premarket trading Thursday.

The Bottom Line
Shares of Emerson Electric (EMR) have a 3.41% dividend yield, based on last night’s closing stock price of $46.97. The stock has technical support in the $41-$42 price area. If the shares can firm up, we see overhead resistance around the $50 price level.

Emerson Electric Co. (EMR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here