UPDATE: MKM Partners Downgrades Eaton Corporation (ETN) to Neutral; Risk/Reward Balanced with Slight Concerns
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Price: $312.84 --0%
Rating Summary:
20 Buy, 16 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 9 | New: 14
Rating Summary:
20 Buy, 16 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 9 | New: 14
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(Updated - August 29, 2012 10:49 AM EDT)
MKM Partners downgraded Eaton Corporation (NYSE: ETN) from Buy to Neutral. PT $50 (from $48).
Analyst, Joshua Pokrzywinski, said, "Following Q2 earnings season and the “EPS discovery” around the base case scenario for the cyclical names in our space, ETN and Emerson (NYSE: EMR)(Neutral, $52 FV) have led the way with solid share price rallies. ETN in particular has risen 21% from its July low."
"We are moderately concerned about earnings risk stemming from China hydraulics, NAFTA truck and an imperfect transition from industrial to commercial-led growth in Electrical Americas."
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 $45.64 yesterday.
MKM Partners downgraded Eaton Corporation (NYSE: ETN) from Buy to Neutral. PT $50 (from $48).
Analyst, Joshua Pokrzywinski, said, "Following Q2 earnings season and the “EPS discovery” around the base case scenario for the cyclical names in our space, ETN and Emerson (NYSE: EMR)(Neutral, $52 FV) have led the way with solid share price rallies. ETN in particular has risen 21% from its July low."
"We are moderately concerned about earnings risk stemming from China hydraulics, NAFTA truck and an imperfect transition from industrial to commercial-led growth in Electrical Americas."
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 $45.64 yesterday.
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