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Enter Symbol:
Eaton Corporation (ETN) [hlAlert]

up 9.57 %

Eaton Corporation (ETN) upgraded to Buy with price target $63 by Longbow

Posted on: Tuesday,  Feb 21, 2012  9:25 AM ET by Longbow

Longbow rated Buy Eaton Corporation (NYSE: ETN) on 02/21/2012, when the stock price was $51.68. Since
then, Eaton Corporation has gained 9.58% as of 01/20/2016's recent price of $56.63.
If you would have followed this Longbow's recommendation on ETN, you would have gained 9.57% of your investment in 1429 days.

Eaton Corporation (Eaton) is a diversified power management company. The Company is engaged in the manufacturing of electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use, and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. In July 2009, the Company announced that Eaton's Automotive and Truck Groups are being consolidated into one operating unit. The combined organization will be known as the Vehicle Group. On July 31, 2008, the Company acquired PK Electronics. On July 31, 2008, the Company completed the acquisition of the engine valves business of Kirloskar Oil Engines Limited. On October 2, 2008, the Company acquired Integ Holding Limited. In September 2009, Eaton acquired an additional 50% of the outstanding shares of Micro Innovation Holding AG.

Longbow Research is an independent institutional equity research firm based in Cleveland, OH. We provide bottom up fundamental research to over 200 institutional accounts throughout the U.S. and Canada. Our coverage list consists primarily of mid-cap NYSE-listed names, although we also cover a substantial list of small and large cap companies. Our sector focus is on basic materials, industrial, consumer, technology, health care and consumer/business services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/21/2012 9:25 AM Buy
51.68 63.00
as of 12/31/2012
1 Week up  1.32 %
1 Month up  3.87 %
3 Months up  14.61 %
1 YTD up  4.83 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/11/2010 9:25 AM Hold
10/20/2009 11:25 AM Buy
32.40 36.00
12/17/2008 9:25 AM Buy
21.01 31.00
10/1/2008 9:25 AM Buy
27.63 46.50
7/16/2008 9:25 AM Buy
36.77 54.50

(*) Stock Price at the time of the recommendation.
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