February 5, 2017

Eaton Corporation, PLC (ETN) Downgraded by J P Morgan Chase & Co

Eaton Corporation, PLC (NYSE:ETN) was downgraded by research analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research note issued on Friday. They currently have a $70.00 price target on the stock. J P Morgan Chase & Co’s target price would indicate a potential downside of 0.03% from the stock’s previous close.

A number of other brokerages also recently commented on ETN. Avondale Partners assumed coverage on Eaton Corporation, PLC in a research report on Wednesday. They issued a “mkt perform” rating and a $72.00 price objective for the company. RBC Capital Markets set a $67.00 price objective on Eaton Corporation, PLC and gave the company a “hold” rating in a research report on Wednesday, January 4th. Bank of America Corporation raised Eaton Corporation, PLC from a “neutral” rating to a “buy” rating in a research report on Monday, January 9th. Aegis assumed coverage on Eaton Corporation, PLC in a research report on Tuesday, December 6th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, Zacks Investment Research raised Eaton Corporation, PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, December 20th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $66.22.




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