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Stock Market & Financial Investment News

News Breaks
June 27, 2014
07:03 EDTEMREmerson evaluating strategic alternatives for power transmission solutions unit
Emerson announced that it is evaluating strategic alternatives for its Power Transmission Solutions business unit. Emerson continually evaluates the mix and competitive positioning of its businesses to maximize shareholder value, which may include adding or divesting operations. The resulting plans for the business are expected to be determined and announced by the end of the calendar year. Currently part of Emersonís Industrial Automation business, with 2013 revenue of more than $600Mn, the Power Transmission Solutions business is based in Florence, Kentucky and has over 3,000 employees around the world. The business designs and manufacturers market-leading couplings, bearings, conveying components, gearing, drive components, and supporting services and solutions, with brands including Browning, Jaure, Kop-Flex, McGill, Morse, Rollway, SealMaster, and System Plast.
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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