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Morgan Stanley Sees Eaton plc Adding Spark To The Hydraulics Market

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In a report published Thursday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $89.00 price target on Eaton plc (NYSE: ETN).

In the report, Morgan Stanley noted, “Our key take from ETN's Hydraulics day is that its broad electrical and electronic capabilities will become an increasing competitive wedge in a world of more distributed machine intelligence. No update on trends, but we continue to view 3% Hydraulics market growth rate in 2014 as a low bar.”

Eaton plc closed on Wednesday at $72.50.

Latest Ratings for ETN

DateFirmActionFromTo
Dec 2016Aegis CapitalInitiates Coverage OnBuy
Oct 2016HSBCInitiates Coverage onBuy
Sep 2016KeyBancDowngradesOverweightSector Weight

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Posted-In: Morgan Stanley Nigel CoeAnalyst Color Reiteration Analyst Ratings

 

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