Analyst Rating Update on Eaton Corporation PLC (ETN)

Eaton Corporation PLC (ETN) : 2 brokerage houses believe that Eaton Corporation PLC (ETN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 13 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Eaton Corporation PLC (ETN). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Hold with a rating of 2.74.

Eaton Corporation PLC (ETN) : 12 Wall Street analysts covering Eaton Corporation PLC (ETN) believe that the average level the stock could reach for the short term is $62.42. The maximum price target given is $72 and the minimum target for short term is around $54, hence the standard deviation is calculated at $5.5.

Company shares have received an average consensus rating of Hold for the current week Also, Bank of America downgrades 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 Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on July 14, 2016.


Eaton Corporation PLC (NYSE:ETN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.51 and $63.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.24, notching a gain of 1.26% for the day. The total traded volume was 3,161,177 . The stock had closed at $63.44 on the previous day.

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