- 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
Eaton downgraded to Neutral at Baird
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Symbol | Last Price | % Chg |
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ETN | - | - |
Eaton Corporation plc |