Market Overview

UPDATE: Jefferies Raises PT on Eaton Corporation on 4Q Model

Related ETN
Will The Rest Of The World Drag Down The U.S. Economy?
QE Finally Ends

In a report published Wednesday, Jefferies reiterated its Hold rating on Eaton Corporation (NYSE: ETN), and raised its price target from $50.00 to $65.00.

Jefferies noted, “Better than expected sales and higher operating margins were offset by higher than expected interest expense and additional restructuring costs as ETN took steps to resize businesses to accommodate current demand expectations for 2013. The company's 2013 revenue outlook for end market growth of 2-3% could prove conservative if construction markets rebound ahead of expectations.”

Eaton Corporation closed on Tuesday at $59.37.

Latest Ratings for ETN

DateFirmActionFromTo
Nov 2014RBC CapitalInitiates Coverage onSector Perform
Oct 2014BarclaysMaintainsOverweight
Oct 2014BarclaysUpgradesEqual-weightOverweight

View More Analyst Ratings for ETN
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (ETN)

Around the Web, We're Loving...

Get Benzinga's Newsletters