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Enter Symbol:
Rating: ETN
Neutral $59

Eaton Corporation (NYSE: ETN) downgraded to Neutral with price target $59 by Robert W. Baird

Thursday,  Oct 15, 2015  8:25 AM ET by Lynn Gilbert

Robert W. Baird downgraded Eaton Corporation (NYSE: ETN) to Neutral with price target
$59. Previously, Robert W. Baird rated Eaton Corporation (NYSE: ETN) to Outperform with price target $62 on 01/19/2012, when the stock price was valued at $49.74.

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.

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