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Fly News Breaks for October 31, 2018
ETN
Oct 31, 2018 | 07:36 EDT
Wells Fargo analyst Andrew Casey lowered his price target for Eaton to $85 from $96 on recalibrated 2019 expectations and reduced valuation multiples. The analyst says the company appears to continue to realize improvement in most markets but reported it saw continued weakness in lighting markets, slower U.S. large project order intake during the last two weeks of September, slower Electrical Product flow goods demand, and weaker international light vehicle market demand. He reiterates an Outperform rating on the shares.
News For ETN From the Last 2 Days
