Jefferies Lifts Estimates/Price Target on Eaton (ETN) After Analyst Day

Jefferies raised estimates and boosted its price target on Buy-rated Eaton Corporation (NYSE: ETN) from $56 to $60 following the company's annual analyst day in NYC on Friday, February 24th.

The firm noted the company used the opportunity to announce an acquisition, update the 2015 outlook and reiterate their industrial end market outlook, which Jefferies continue to view as conservative.

FY12 EPS was raised from $4.40 to $4.50 and FY13 from $4.90 to $5.15.

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 $51.75 yesterday.

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