Emerson Q3: Weak Orders In MRO, Discrete Automation
Summary
- Emerson transitioned into a growth industrial technology company with a focus on software, control, sustainability, and energy transitions.
- Weak MRO and discrete automation markets led to only 3% organic revenue and order growth in recent results.
- Despite short-term challenges, Emerson is expected to achieve 6% organic revenue growth in FY24 with a one-year target price of $140 per share.
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