Street View: Emerson Electric hits its stride on automation demand

** Daiwa Capital Markets ("outperform") sees a solid setup for FY27 as stabilization in Europe and China combined with repair work in Middle East could supplement growth in North America; expects co to benefit from investments in power, semiconductors and life sciences

** J.P. Morgan ("overweight", PT: $169) says orders translating into earnings revisions; expects stock's valuation multiple to hold up as EMR gets back to a beat-and-raise trajectory helped by improving industrial cycle

** "We expect incremental revenue uplift when the Middle East situation stabilizes" - JPM

** Evercore ISI ("outperform", PT: $190) says pace of recovery in the Middle East remains a key debate

** Morningstar (fair value: $104) says EMR's automation portfolio is aligned with strong trends, including energy transition and AI data centre buildout

** Emerson Electric EMR.N topped Q3 earnings estimates on Tuesday, powered by robust demand for industrial automation in North America and Asia and strong uptake of its automated, software-connected test and measurement systems

** Mean PT of 30 brokerages covering EMR is $169 - LSEG-compiled data