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ETN - Eaton News Story

$140.78 -0.4  -0.3%

Last Trade - 19/04/21

Sector
Industrials
Size
Large Cap
Market Cap £40.66bn
Enterprise Value £45.72bn
Revenue £12.91bn
Position in Universe 219th / 6847

BUZZ-Eaton Corp: Up as Morgan Stanley upgrades on likely power investment gains

Wed 3rd March, 2021 12:12pm
** Power management company's  ETN.N  shares rise 1.6%
premarket, as Morgan Stanley upgrades "overweight" from
"equal-weight" 
    ** Brokerage lifts PT to $155 from $130; says ETN is ripe to
benefit from a supercycle of electrification investment in the
U.S. as the grid evolves from a static, distribution model to a
dynamic exchange of electricity and data
    ** Morgan Stanley says electrification is one of the
existential growth vectors in industrials
    ** "After a decade of focusing on portfolio composition and
raising margins, ETN is now clearly focused on growth" - MS
    ** 16 brokerages rate the stock "buy" or higher, 8 "hold";
their median PT is $140 - Refinitiv data
    ** ETN up 11.5% this year, as of last close

 (Reporting by Aniruddha Ghosh in Bengaluru)
 ((Aniruddha.Ghosh@thomsonreuters.com; 91 83 83 81 2416;))
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