Downgrade Alert for Emerson Electric (EMR)
Emerson Electric (NYSE:EMR) was downgraded from Neutral to Sell at UBS today. The stock closed yesterday at $50.18 on volume of 6.1 million shares, above average daily volume of 3.7 million.
Over the past year, Emerson Electric has traded in a range of $41.25 to $62.75 and closed yesterday at $50.20, 22% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.
Emerson Electric Co. manufactures and markets electrical, electromechanical, and electronic products and systems. The Company produces a variety of products, including process control, industrial automation, electronics, appliance components, and electric motors. Emerson sells its products around the world.
There is potential upside of 0.2% for shares of Emerson Electric based on a current price of $50.20 and an average consensus analyst price target of $50.29. Emerson Electric shares should encounter resistance at the 50-day moving average (MA) of $53.39 and support at its 200-day MA of $48.73.
SmarTrend is monitoring the recent change of momentum in Emerson Electric. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Emerson Electric in search of a potential trend change.
Keywords: analyst upgrades/downgrades Emerson Electric