Wedbush analyst Dan Ives increases his 12-month price target on the technology company's stock to $315 from $290. Read More...
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National Instruments Stock Jumps on Tie-Up With Emerson Electric
At the start of 2023, testing-equipment maker National Instruments didn’t want to be taken over by industrial-automation giant Emerson Electric That isn’t the case anymore and National Instruments ‘ change of heart shows the difference between a hostile takeover and a friendly merger often is just price. Emerson (ticker: EMR) confirmed Wednesday it was buying National Instruments for $60 a share. “We are pleased to reach an agreement with NI, whose best-in-class test and measurement product and software offerings accelerate Emerson’s progress toward a cohesive, higher growth and higher margin automation portfolio,” said Lal Karsanbhai, CEO of Emerson, in a news release.
