Barclays Maintains a 'Overweight' on Eaton Corporation (ETN); Raising Numbers After Positive Analyst Day

Barclays maintains a 'Overweight' on Eaton Corporation (NYSE: ETN) price target raised from $55 to $61.

Analyst, Andy Kaplowitz, said, "After attending ETN's annual Analyst Day in New York, we think the company remains well positioned as a leading global components supplier to drive continued solid underlying growth and benefit from secular trends and accelerating demand for greater fuel efficiency, lower emissions, and higher energy savings."

Barclays raises FY12/13 EPS estimates by $0.05 each, to $4.40 and $5.05, respectively.

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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