Evercore Sets $170 Emerson Electric Target as Cramer Endorses Acquisitions
Emerson Electric shares are up 17% year-over-year after Evercore ISI initiated coverage with an Outperform rating and $170 price target, citing gains from automation and software initiatives. Jim Cramer acknowledged his error on the National Instruments acquisition, calling the deals successful and spotlighting the company’s electrical and data-center positioning.
1. Evercore Initiates Coverage
In mid-December Evercore ISI began coverage of Emerson Electric with an Outperform rating and a $170 price target, highlighting strategic initiatives that have enhanced portfolio quality. Analysts pointed to the company’s expanding automation and software offerings as key drivers for future revenue growth.
2. Share Performance Trends
Emerson Electric’s stock has climbed 17% over the past 12 months, reflecting investor confidence in its industrial-machinery business and strategic acquisitions. Year-to-date performance has also shown strength, underpinned by demand for valves, actuators and electrical controls in data-center markets.
3. Jim Cramer’s Reversal
Television host Jim Cramer publicly admitted misjudging Emerson’s hostile bid for National Instruments, now praising the acquisition’s contributions to the company’s resurgence. He emphasized that Emerson’s integration of software has boosted operational metrics and solidified its role in electrical infrastructure.
4. Conference Presentation Highlights
At the Citi Global Industrial Tech & Mobility Conference 2026, Emerson’s management discussed strategic focuses on automation, software integration and data-center electrification. Executives outlined initiatives aimed at driving margin expansion and capitalizing on onshoring trends in critical infrastructure markets.