Market Overview

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

Share:
Related ETN
Barron's Picks And Pans: Regeneron, Axalta, Alleghany And More
Nissan-Eaton Partnership Another Example Of Tesla's Innovation Impact
My 4% Dividend Yield Portfolio: Q2'16 Summary And Mid-Term Strategy (Seeking Alpha)

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
May 2016BernsteinMaintainsMarket Perform
May 2016Buckingham ResearchMaintainsNeutral
Apr 2016Longbow ResearchDowngradesBuyNeutral

View More Analyst Ratings for ETN
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (ETN)

View Comments and Join the Discussion!