Argus Upgrades Eaton Corporation (ETN) to Buy

August 10, 2016 7:43 AM EDT
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Price: $67.93 +0.30%

Rating Summary:
    12 Buy, 18 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Argus upgraded Eaton Corporation (NYSE: ETN) from Hold to Buy with a price target of $75.00.

The analyst said despite the rally, the shares are still 17% below their all-time highs.

They are boosting EPS forecast for 2017, as they expect a stable dollar and a corporate restructuring to improve profitability.

For an analyst ratings summary and ratings history on Eaton Corporation click here. For more ratings news on Eaton Corporation click here.

Shares of Eaton Corporation closed at $65.84 yesterday.

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