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Morgan Stanley Sees Eaton plc Adding Spark To The Hydraulics Market

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UPDATE: Morgan Stanley Reiterates On Eaton Corp PLC As Expectations Are Reset
Events for the Week of Sept. 15-19th

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
Oct 2014OppenheimerDowngradesOutperformMarket Perform
Sep 2014Morgan StanleyReiteratesOverweight
Aug 2014Argus ResearchMaintainsBuy

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

 

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