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A number of firms have modified their ratings and price targets on shares of Eaton Corp plc (NYSE: ETN) recently:

  • Eaton Corp plc had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $80.00 price target on the stock, down previously from $88.00.
  • Eaton Corp plc had its “equal weight” rating reaffirmed by analysts at Barclays. They now have a $79.00 price target on the stock, down previously from $80.00.
  • Eaton Corp plc was downgraded by analysts at Goldman Sachs from a “buy” rating to a “neutral” rating.
  • Eaton Corp plc was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $75.00 price target on the stock, down previously from $85.00.
  • Eaton Corp plc had its price target lowered by analysts at Oppenheimer from $88.00 to $80.00. They now have an “outperform” rating on the stock.
  • Eaton Corp plc was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating.
  • Eaton Corp plc had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $74.00 price target on the stock. Zacks‘ analyst wrote, “Eaton Corp.’s earnings in second quarter were in line with the Zacks Consensus Estimate, while topline fell slightly short of estimate. Going forward, its Vehicle segment is expected to benefit from the improvement in truck market fundamentals. However, its Hydraulics market bookings were impacted by weakness in agricultural equipment globally and construction equipment in China. If this trend continues in the second half of 2014, the company will find it difficult to meet its 1% growth objective for this division. Currently, the pace of economic development in the U.S. is not uniform across all sectors. Therefore, we prefer to maintain our Neutral recommendation on the stock.”
  • Eaton Corp plc had its price target lowered by analysts at Morgan Stanley from $90.00 to $88.00.
  • Eaton Corp plc had its price target lowered by analysts at Robert W. Baird from $86.00 to $84.00.
  • Eaton Corp plc had its price target lowered by analysts at Bernstein from $95.00 to $87.00.
  • Eaton Corp plc had its “buy” rating reaffirmed by analysts at Argus. They now have a $81.00 price target on the stock, down previously from $84.00.

Eaton Corp plc (NYSE:ETN) traded up 0.74% on Monday, hitting $67.68. The stock had a trading volume of 4,331,310 shares. Eaton Corp plc has a 52 week low of $62.89 and a 52 week high of $79.98. The stock has a 50-day moving average of $76.38 and a 200-day moving average of $74.19. The company has a market cap of $32.209 billion and a price-to-earnings ratio of 20.12.

Eaton Corporation (NYSE:ETN) is a diversified power management company.

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