Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Baird Upgrades Emerson Electric

Emerson Electric (EMR) posted 86 cents, 81 cents, third-quarter earnings per share. Baird upgraded the stock to outperform from neutral.

Analyst Michael Schneider says third-quarter EPS was 4 cents above his and 5 cents above Street estimates. He notes that orders positively reversed course in June, with total order growth accelerating from up 2.5% in May to about up 7% in June.

Schneider notes management raised 2005 EPS guidance to $3.45-$3.50, vs. his $3.45 consensus-matching estimates (excluding one-time item).

He says the upgrade is consistent with his belief that investors should, during this mid/late cycle phase, overweight stocks of global industrial companies with secular, not cyclical, growth drivers. He has a $75 price target on the stock.

blog comments powered by Disqus