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Eaton downgraded to Neutral at Baird

Sep. 03, 2019 10:34 AM ETEaton Corporation plc (ETN) StockETNBy: Yoel Minkoff, SA News Editor3 Comments
  • Baird analyst Mircea Dobre has lowered Eaton (ETN -3.6%) to Neutral from Outperform, and lowered his PT on the stock to $82 (from $89).
  • While the company's Electrical business has performed well, he expects a slowdown with orders and backlog, as well as continued pressure on Hydraulics and Vehicles businesses.
  • Source: Bloomberg First Word

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