Eaton (ETN) Misses Q3 EPS by 5c; Increases Cost-Cutting Plans

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Go back to Eaton (ETN) Misses Q3 EPS by 5c; Increases Cost-Cutting Plans

UBS Reiterates Buy on Eaton (ETN) Following 3Q

November 2, 2015 10:26 AM EST

UBS reiterated a Buy rating and $65.00 price target on Eaton Corporation (NYSE: ETN) following the company's 3Q earnings results. Eaton reported 3Q15 EPS of $0.97 on a 3% organic decline. Management reduced 2015 EPS guidance to $4.20-$4.30 (vs. prior $4.40-$4.60). 4Q EPS guided to $1.05-$1.15.

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Bernstein Downgrades Eaton Corporation (ETN) to Market Perform

November 2, 2015 6:59 AM EST

Bernstein downgraded Eaton Corporation (NYSE: ETN) from Outperform to Market Perform with a price target of $59.00 (from $65.00).

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 $55.91 yesterday.

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