Barclays Raises Estimates and PT on Eaton Corp (ETN); Well Positioned and Executing in Most of its End Markets

Barclays maintains an 'Overweight' on Eaton Corporation (NYSE: ETN) price target raised $1 to $62.

Analyst, Andy Kaplowitz, said, "We think ETN's 1Q12 results, including EPS upside vs. our model and a $0.10 increase in 2012 guidance, demonstrate the strength of ETN's broad geographic and end market diversity...We are tweaking our 2012 and 2013 EPS estimates by $0.15 to $4.55 and $5.20, respectively, reflecting ETN's raised guidance and 1Q12 beat vs. our model."

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 $47.40 yesterday.

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