Emerson Electric gains after Jefferies assumes coverage with 'buy' rating

Engineering solutions provider Emerson Electric EMR.N shares rise 2.2% to $126.01 premarket

Jefferies assumes coverage of the stock with "buy" rating, with price target of $175

The new price target represents a 41.93% upside to the stock's last close

Brokerage mentions accelerating earnings growth, order momentum in secular growth verticals, a resilient MRO-based (Maintenance, Repair & Operations) business model, attractive free cash flow as factors for the "buy" rating

20 of 31 brokerages rate the stock "buy" or higher, 10 "hold" and 1 "sell" or lower; their median PT is $170

As of last close, stock had fallen 7.1% YTD, compared with a 7.3% decline in the S&P 500 .SPX