** Emerson Electric EMR.N on Tuesday proposed to buy the rest of AspenTech AZPN.O that it does not already own at a valuation of $15.1 bln, as it looks to sharpen focus on industrial automation

** Median PT of 26 brokerages covering EMR stock is $130 - LSEG data

CHANGE IN FOCUS

** Deutsche Bank ("buy", PT: $140) says the buyback announcement signals the end of an era because EMR will now shift its focus to investing more to its core business, returning money to shareholders and bolt on M&A post FY25

** Wolfe Research ("outperform", PT: $134) says decision to buy in AZPN is an important simplifying step that should be multiple accretive

** Brokerage views this as the final step for now and not the starting of another "M&A blitz"

** Barclays ("equal weight", PT: $116) continues to expect EMR to have slower sales growth in 2025 than 2024, as reflected in the company's 2025 forecast

** J.P.Morgan ("neutral") says "EMR is transitioning to a bit more of a shorter cycle situation, which the data points around remain mixed or negative"

(Reporting by Joel Jose in Bengaluru)

((joeljose@thomsonreuters.com))