Market Overview

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

Share:
Related ETN
Eaton Q1 Operating Earnings Top Expectations, Maintains Full Year Outlook
Earnings Scheduled For April 29, 2016
Eaton Corporation's (ETN) CEO Sandy Cutler on Q1 2016 Results - Earnings Call Transcript (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
Apr 2016Longbow ResearchDowngradesBuyNeutral
Feb 2016Standpoint ResearchDowngradesBuyHold
Feb 2016CitigroupMaintainsBuy

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!