Mizuho raises Emerson Electric PT on US-China tariff truce

Mizuho raises Emerson Electric EMR.N price target to $150 from $135, an upside 25.3% to the stock's last close, reiterating rating at 'outperform'

Shares are up nearly 1% to $120, in early trading

Brokerage says tariff relief in China will push co's profit margin entitlement to the upside

Adds, co's funnel of sustainable and decarbonization projects growing rapidly, with process & hybrid orders remaining solid

Co' adj EPS beat Wall Street estimates for consecutive six quarters

24 of 30 brokerages rate the stock "buy" or higher, 4 "hold" and 2 "sell"; their median PT is $131- as per LSEG data

Including session moves , shares are down 3% YTD