Deutsche Bank Downgrades Eaton to Hold

In a report released Wednesday, Deutsche Bank analyst John Inch downgrades Eaton Corp plc

from Buy to Hold and lowering its price target from $90 to $77 a share. Analyst at Deutsche Bank were disappointed by Eatons Q2 2014 results, lowering its guidance for the second half of 2014. Inch adds to the note, Eaton displays risk due to continuously high growth rates in the sector. Eaton price target reduction to $77 a share is due to Deutsche Bank EPS forecast declining from $4.64 to $4.50 in 2015 and from $5.45 to $5.15 in 2015.