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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