Credit Suisse’s Top 5 Highest-Conviction Picks

3. Emerson Electric Co (NYSE:EMR)

Stock performance since July 2022: 8.44%

Number of Bullish Hedge Funds: 32

About Emerson Electric Co (NYSE:EMR), Credit Suisse analysts said that they expected it to post strong free cash flow growth as the company would expand its upstream activity towards international markets. The provider of automation solutions for the manufacturing sector is currently attempting to acquire measurement equipment company National Instruments Corp (NASDAQ:NATI), having submitted a $7.0 billion bid. However, National Instruments announced that two other companies, Fortive Corp (NYSE:FTV) and Keysight Technologies Inc (NYSE:KEYS), can also submit their offers, so an official deal is yet to be announced.

During the fourth quarter, Emerson Electric Co (NYSE:EMR) saw a decline in hedge fund sentiment as the number bullish investors declined to 32 from 48, while the total value of their holdings slid to $780.90 million from $1.15 billion.