| 2018-08-20 18:05:56|
ETN 18:05 08/20 08/20/18
Eaton initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Joshua Pokrzywinski initiated Eaton with an Equal Weight rating and a price target of $86. The analyst notes that while the company is well positioned in the near term with its persisting short-cycle strength in Electrical Products and Hydraulics, the bulls may be disappointed in 2019 as Eaton's restructuring savings taper off and its operating leverage returns to its "modest historical levels".