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In a report published Thursday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $89.00 price target on
Eaton Corp plcETN.
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 Corp plc closed on Wednesday at $72.50.
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