UBS Downgrades CAT, PH, ETN, ITW

May 28, 2009 7:37 AM EDT

UBS downgrades Catepillar (NYSE: CAT), Parker Hannifin (NYSE: PH) and Eaton (NYSE: ETN) from Neutral to Sell, citing low pricing power and conitined end market weakness.

UBS also downgraded Illinois Tool Works (NYSE: ITW) from Buy to Neutral.


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Stocks Mentioned

CAT 58.30

+0.10 +0.17%
Volume: 10,448,305
Track CAT

ETN 66.21

+1.59 +2.46%
Volume: 1,853,743
Track ETN

ITW 48.49

+0.19 +0.39%
Volume: 3,001,215
Track ITW

PH 55.31

+1.08 +1.99%
Volume: 1,058,066
Track PH


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