Emerson price target lowered to $167 from $171 at Wolfe Research

Wolfe Research lowered the firm's price target on Emerson to $167 from $171 and keeps an Outperform rating on the shares. It remains a steep ramp to reach Q3/Q4 core growth guidance of roughly 5%, but the firm does expect quarter-on-quarter Software improvement and National Instruments should remain an area of strength, the analyst tells investors in a research note. The firm added that it also expects order growth to remain in the mid-to-high single-digit zone, consistent with trends.