Emerson Electric shares climbed on Monday, after a rating upgrade from RBC analyst.
Emerson is an industrial giant, which manufacturers products ranging from industrial valves to light and climate control systems. RBC raised its rating on the company's shares to buy from hold, on an expectations that the company would go for a profitable breakup, based on published reports.
RBC also boosted its price target to $77 a share from $65, as it considered a possible breakup scenario involving EMR's automation solutions unit and its commercial and residential solutions business.