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Enter Symbol:
Rating: ETN
Buy $72
down 12.00 %

Eaton Corporation (NYSE: ETN) reiterated to Buy with price target $72 by Argus

Tuesday,  Aug 4, 2015  1:25 PM ET by Lynn Gilbert

Argus reiterated Eaton Corporation (NYSE: ETN) to Buy with price target $72. Previously, Argus rated Eaton Corporation (NYSE: ETN) to Buy with price target
$78 on 10/31/2014, when the stock price was valued at $68.24. Since then, Eaton Corporation's stock price has lost 12% as of 08/04/2015's recent price of $60.09.
If you had followed Argus's previous recommendation on ETN, you would have lost 12% of your investment in 277 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system

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