Emerson Electric Co
EMR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$389.00 | Bfm | Gmmwbrq |
NI: $60-per-Share Agreement With Emerson Is a Home Run for Shareholders
We raise our fair value estimate for narrow-moat NI to $60 per share from $48 to reflect an agreement to be acquired by wide-moat Emerson. We assign a 100% probability to the deal closing in our model, as we foresee no regulatory pushback.