It hasn’t been a good couple of months for Emerson (EMR).
Between worries about weakening conditions in China, weaker oil prices,
and relatively conservative guidance with fiscal fourth-quarter results
in early November, Emerson's shares have fallen almost 20% since early
October – tracking fellow process automation player Yokogawa (OTCPK:YOKEY) and lagging other comps like Rockwell (ROK), Honeywell (HON),
and industrials in general. It’s worth noting, though, that Emerson has
done comparatively better on a full-year basis and remains one of the
better-positioned multi-industrials for a late-cycle 2019.
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Worries About China And Energy Have Pushed Emerson To A More Interesting Level
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