Eaton Corporation PLC (ETN) Receives Price Target

Eaton Corporation PLC (ETN) : 12 investment research analysts covering Eaton Corporation PLC (ETN) have an average price target of $64 for the near short term. The highest target price given by the Brokerage Firm to the stock is $73 and the lowest target is $59 for the short term. Analysts expect the variance to be within $4.59 of the average price.

Eaton Corporation PLC (ETN) : The consensus on Eaton Corporation PLC (ETN) based on 16 analyst recommendation on the company stock is 2.59, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Eaton Corporation PLC (ETN).


Also, Argus Research upgrades its view on Eaton Corporation PLC (NYSE:ETN) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. The rating by the firm was issued on August 10, 2016.

Eaton Corporation PLC (NYSE:ETN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.66 and $65.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.92, notching a gain of 0.57% for the day. The total traded volume was 2,041,211 . The stock had closed at $66.54 on the previous day.

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