Jefferies Upgrades Eaton Corporation (ETN) to Buy

October 17, 2011 7:10 AM EDT
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Price: $451.51 -0.4%

Rating Summary:
    30 Buy, 15 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Jefferies upgraded Eaton Corporation (NYSE: ETN) from Hold to Buy with a price target of $54 (down from $57).

On the group, the firm said valuations remain compelling even as they trim estimates to account for slower growth. The firm expects 3Q earnings season to be largely supportive for the group.

For more ratings news on Eaton Corporation click here and for the rating history of Eaton Corporation click here.

Shares of Eaton Corporation closed at $42.17 yesterday.


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