Market Overview

Morgan Stanley Sees Eaton plc Adding Spark To The Hydraulics Market

Related ETN
Stocks Mixed Despite Better Than Expected GDP
UPDATE: Deutsche Bank Downgrades Eaton

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.

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


Most Popular

Related Articles (ETN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters