Emerson Electric Co

EMR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$174.00	Qpj	Kkcfcnc

NI: $60-per-Share Agreement With Emerson Is a Home Run for Shareholders

William Kerwin

Apr 12, 2023

We raise our fair value estimate for narrow-moat NI to $60 per share from $48 to reflect an agreement to be acquired by wide-moat Emerson. We assign a 100% probability to the deal closing in our model, as we foresee no regulatory pushback.

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