Eaton logo

ETN - Eaton News Story

$140.78 -0.4  -0.3%

Last Trade - 19/04/21

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
    ** 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)
 ((; 91 83 83 81 2416;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.