JPMorgan Upgrades Eaton Corporation (ETN) to Overweight

JPMorgan analyst Ann Duignan upgraded Eaton Corporation (NYSE: ETN) from Neutral to Overweight with a price target of $92.00 (from $85.00).

Duignan cites the strong Q2 print and the attractive valuation for being incrementally more positive on the equity. The analyst believes the company can continue to expand its dividend and share repurchase which should offer upside to EPS.

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 $80.55 yesterday.

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