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

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Benzinga's Top Upgrades
Barclays Upgrades Eaton To Neutral

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
Oct 2014BarclaysUpgradesEqual-weightOverweight
Oct 2014Buckingham ResearchMaintainsNeutral
Oct 2014BarclaysMaintainsEqual-weight

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View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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