UPDATE: Morgan Stanley Reiterates On Eaton Corp PLC As Expectations Are Reset

In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on

, but lowered the price target from $86.00 to $80.00. In the report, Morgan Stanley noted, “We lower our ETN target price from $86 to $80 as we reset our expectations into a guidance range of $4.80-5.20 for 2015 vs. $5.32 consensus. But following the recent sell-off, upside is still attractive, as is the 3% dividend yield. Reiterate OW.” Eaton Corp PLC closed on Monday at $64.69.