Market Overview

UPDATE: Jefferies Raises PT on Eaton Corporation on 4Q Model

Share:
Related ETN
Your Easy Guide To Credit Suisse's New Top Stocks List
Lightning Round: Jim Cramer Gives His Opinion On Blue Apron, Philip Morris And More

In a report published Wednesday, Jefferies reiterated its Hold rating on Eaton Corporation (NYSE: ETN), and raised its price target from $50.00 to $65.00.

Jefferies noted, “Better than expected sales and higher operating margins were offset by higher than expected interest expense and additional restructuring costs as ETN took steps to resize businesses to accommodate current demand expectations for 2013. The company's 2013 revenue outlook for end market growth of 2-3% could prove conservative if construction markets rebound ahead of expectations.”

Eaton Corporation closed on Tuesday at $59.37.

Latest Ratings for ETN

DateFirmActionFromTo
Jul 2017Wolfe ResearchInitiates Coverage OnPeer Perform
Jul 2017Morgan StanleyMaintainsOverweight
Jun 2017JMP SecuritiesInitiates Coverage OnMarket Perform

View More Analyst Ratings for ETN
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (ETN)

View Comments and Join the Discussion!
Loading...
Loading...