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Stock Market & Financial Investment News

News Breaks
January 17, 2013
10:07 EDTEMREmerson awarded contract for control technologies at Nevada solar project
Emerson Process Management, a global business of Emerson, has been awarded a contract to apply its Ovation expert control system at the Crescent Dunes Solar Energy Project near Tonopah, Nev. When it comes online at the end of 2013, this 110-megawatt concentrated solar power project will be the first commercial-scale solar facility in the United States to generate power from solar energy that is captured and stored in liquid molten salt. The project, which is being developed by Tonopah Solar Energy, an affiliate of SolarReserve, is expected to produce enough clean, renewable electricity to power more than 75,000 homes during peak electricity demand, and will be executed by Cobra Thermosolar Plants as engineering, procurement and construction contractor. Cobra Thermosolar Plants awarded the contract to Emerson.
News For EMR From The Last 14 Days
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January 30, 2015
10:18 EDTEMROptions with increasing implied volatility
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January 26, 2015
09:58 EDTEMREmerson reports 3 months end December orders down 5% to flat
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January 22, 2015
10:03 EDTEMROn the Fly: Analyst Initiation Summary
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10:03 EDTEMROn the Fly: Analyst Downgrade Summary
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07:57 EDTEMREmerson downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Emerson to Underperform from Neutral. The firm reduced forecasts below consensus based on expectations Process organic growth will decline in 2016 and 2017 and pressure the stock multiple. Price target lowered to $62 from $66.
06:51 EDTEMREmerson downgraded to Underperform from Neutral at BofA/Merrill
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06:33 EDTEMREmerson downgraded to Neutral from Outperform at RW Baird
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January 21, 2015
16:12 EDTEMREmerson initiated with a Neutral at UBS
Target $62.

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