Emerson Electric Co
EMR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$767.00 | Bcq | Zsqsffq |
Emerson Earnings: Strong Quarter Doesn't Alter Long-Term View; Demand Remains Strong
Wide-moat-rated Emerson Electric had a strong fiscal third quarter. That said, nothing materially alters our long-term point of view. We lift our fair value estimate to $105 from $103, but the raise is due to time value of money. Our forecast remains essentially unchanged, though there were some puts and takes in our full-year 2023 figures that mostly canceled one another out.