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

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Investors Are Buying Eaton's Stock Following Q4 Print
Earnings Scheduled For February 3, 2016
Is Eaton A Buy On The Dip? (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
Feb 2016CitigroupMaintainsBuy
Jan 2016Standpoint ResearchInitiates Coverage onBuy
Nov 2015BernsteinDowngradesOutperformMarket Perform

View More Analyst Ratings for ETN
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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