UBS Downgrades CAT, PH, ETN, ITW
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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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