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ETN

Eaton

$82.16

1.29 (1.60%)

16:26
10/15/19
10/15
16:26
10/15/19
16:26

Eaton agrees to sells its Lighting business to Signify for $1.4B

Eaton announced that it has entered into an agreement to sell its Lighting business to Signify N.V for a cash purchase price of $1.4B. The decision to sell the Lighting business comes after completing a comprehensive review of various potential transaction alternatives to maximize shareholder value. The business, which had sales of $1.7B in 2018, serves customers in commercial, industrial, residential and municipal markets. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first quarter of 2020.

  • 29

    Oct

  • 12

    Nov

ETN Eaton
$82.16

1.29 (1.60%)

09/03/19
BARD
09/03/19
DOWNGRADE
Target $82
BARD
Neutral
Eaton downgraded to Neutral at Baird
As reported previously, Baird analyst Mig Dobre downgraded Eaton to Neutral from Outperform. The analyst noted the Electrical business has performed well but he sees a slowdown with orders and backlog already showing signs of deceleration. He also said the Hydraulics and Vehicles businesses will remain pressured. Dobre lowered his price target to $82 from $89 on Eaton shares.
09/11/19
JPMS
09/11/19
NO CHANGE
JPMS
In Machinery shift, JPMorgan upgrades Agco and Oshkosh, cuts Actuant
With her U.S. Machinery coverage universe underperforming the broader market year-to-date, but outperforming since Labor Day amid a rotation into cyclicals, JPMorgan analyst Ann Duignan established December 2020 price targets based on where she believes we are in the cycle for end market demand. The analyst sees North America and Europe truck demand at or beyond peak, North America construction equipment "perhaps rolling over" in 2020, North America agriculture equipment demand "likely stagnating" near mid-cycle, and mining equipment "slowly approaching" mid-cycle. Within this framework, Duignan this morning upgraded both Agco (AGCO) and Oshkosh (OSK) to Overweight from Neutral, saying both stocks look undervalued with relatively limited downside risk to earnings estimates. Additionally, the analyst downgraded Actuant (ATU) to Underweight from Neutral, saying the risks appear weighted to the downside at current valuation levels. She sees elevated risk of management overpaying for acquisitions should it pursue the pipeline of potential targets. Duignan also maintained Overweight ratings on Eaton (ETN), Caterpillar (CAT) and Terex (TEX), and Underweight ratings on Deere (DE) and Allison Transmission (ALSN).
09/19/19
ROTH
09/19/19
NO CHANGE
Target $95
ROTH
Sell
Acuity competition to intensify on Eaton Cooper Lighting sale, says Roth Capital
Roth Capital analyst Craig Irwin notes that sources say Eaton (ETN) should announce the disposal of Cooper Lighting in the next few days, which would mark a major competitive shift in the U.S. lighting market. There are only a few logical buyers, but the identity and price are still uncertain, he adds, arguing that what is nearly certain is a new owner is likely to remove Eaton's corporate-mandated headwinds on the business including a backwards travel policy, and anti-competitive project variance process. Irwin expects Acuity Brands (AYI) to see incremental competitive pressure. He has a Sell rating and $95 price target on Acuity's shares.
10/09/19
VERT
10/09/19
DOWNGRADE
Target $85
VERT
Hold
Eaton downgraded to Hold from Buy at Vertical Research
Vertical Research analyst Jeffrey Sprague downgraded Eaton to Hold from Buy with a price target of $85, down from $90.

TODAY'S FREE FLY STORIES

PLMR

Palomar

20:27
12/08/19
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20:27
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Palomar analyst commentary at Keefe Bruyette »

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  • 10

    Dec

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ASAZY

Assa Abloy

$0.00

(0.00%)

20:23
12/08/19
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20:23
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20:23
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Assa Abloy rating change at JPMorgan »

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RXEEY

Rexel

$0.00

(0.00%)

20:23
12/08/19
12/08
20:23
12/08/19
20:23
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Rexel rating change at JPMorgan »

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TATYY

Tate & Lyle

$0.00

(0.00%)

20:22
12/08/19
12/08
20:22
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20:22
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Tate & Lyle rating change at Jefferies »

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AUO

AU Optronics

$0.00

(0.00%)

20:20
12/08/19
12/08
20:20
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20:20
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AU Optronics rating change at Morgan Stanley »

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LPL

LG Display

$6.22

0.115 (1.89%)

20:17
12/08/19
12/08
20:17
12/08/19
20:17
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LG Display rating change at Morgan Stanley »

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  • 09

    Dec

ETNB

89bio

$28.38

0.86 (3.13%)

20:16
12/08/19
12/08
20:16
12/08/19
20:16
Initiation
89bio initiated at Oppenheimer »

89bio initiated with an…

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ANIOY

Acerinox

$0.00

(0.00%)

20:15
12/08/19
12/08
20:15
12/08/19
20:15
Upgrade
Acerinox rating change at Jefferies »

Acerinox upgraded to Buy…

03/08/13
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BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

20:15
12/08/19
12/08
20:15
12/08/19
20:15
Conference/Events
Blueprint Medicines to hold an anlayst and investor event »

Management reviews the…

03/08/13
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  • 08

    Dec

  • 08

    Dec

TLSNY

Telia

$0.00

(0.00%)

20:14
12/08/19
12/08
20:14
12/08/19
20:14
Downgrade
Telia rating change at Jefferies »

Telia downgraded to Hold…

03/08/13
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ARWR

Arrowhead

$67.25

1.705 (2.60%)

20:13
12/08/19
12/08
20:13
12/08/19
20:13
Recommendations
Arrowhead analyst commentary at Piper Jaffray »

Arrowhead price target…

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ARGX

Argenx

$147.31

-2.56 (-1.71%)

20:08
12/08/19
12/08
20:08
12/08/19
20:08
Recommendations
Argenx analyst commentary at Stifel »

Argenx price target…

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  • 16

    Dec

STC

Stewart

$43.16

0.28 (0.65%)

19:56
12/08/19
12/08
19:56
12/08/19
19:56
Downgrade
Stewart rating change at Keefe Bruyette »

Stewart downgraded to…

03/08/13
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FAF

First American

$63.05

(0.00%)

19:55
12/08/19
12/08
19:55
12/08/19
19:55
Downgrade
First American rating change at Keefe Bruyette »

First American downgraded…

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  • 13

    Feb

PFSI

PennyMac Financial

$33.91

0.12 (0.36%)

19:54
12/08/19
12/08
19:54
12/08/19
19:54
Downgrade
PennyMac Financial rating change at Keefe Bruyette »

PennyMac downgraded to…

03/08/13
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AGIO

Agios Pharmaceuticals

$40.93

0.81 (2.02%)

18:40
12/08/19
12/08
18:40
12/08/19
18:40
Recommendations
Agios Pharmaceuticals analyst commentary at Piper Jaffray »

Agios' initial…

03/08/13
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  • 09

    Dec

  • 13

    Dec

BPMC

Blueprint Medicines

$78.50

3.92 (5.26%)

18:34
12/08/19
12/08
18:34
12/08/19
18:34
Recommendations
Blueprint Medicines analyst commentary at Piper Jaffray »

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  • 08

    Dec

  • 08

    Dec

FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

18:29
12/08/19
12/08
18:29
12/08/19
18:29
Recommendations
Fate Therapeutics analyst commentary at Piper Jaffray »

FT500 data validates Fate…

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RCKT

Rocket Pharmaceuticals

$22.37

2.61 (13.21%)

18:05
12/08/19
12/08
18:05
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18:05
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  • 08

    Dec

  • 08

    Dec

ARGX

Argenx

$147.31

-2.56 (-1.71%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

18:03
12/08/19
12/08
18:03
12/08/19
18:03
Recommendations
Argenx, Johnson & Johnson analyst commentary at Piper Jaffray »

Argenx data on…

ARGX

Argenx

$147.31

-2.56 (-1.71%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

03/08/13
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  • 08

    Dec

  • 09

    Dec

  • 16

    Dec

  • 21

    Jan

BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

17:58
12/08/19
12/08
17:58
12/08/19
17:58
Recommendations
Bluebird Bio, Johnson & Johnson, Amgen, Bristol-Myers, Regeneron analyst commentary at Piper Jaffray »

Piper says…

BLUE

Bluebird Bio

$79.51

-1.24 (-1.54%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

AMGN

Amgen

$233.74

0.3 (0.13%)

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

REGN

Regeneron

$372.26

4.02 (1.09%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 08

    Dec

  • 08

    Dec

  • 09

    Dec

  • 11

    Dec

  • 21

    Jan

BGNE

BeiGene

$186.89

-2.3 (-1.22%)

17:50
12/08/19
12/08
17:50
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17:50
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BeiGene announces data from two clinical trials of Brukinsa at ASH meeting »

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  • 09

    Dec

  • 27

    Feb

LLY

Eli Lilly

$119.59

-0.175 (-0.15%)

16:34
12/08/19
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Eli Lilly presents interim clinical data from LOXO-305 dose escalation trial »

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  • 08

    Dec

  • 09

    Dec

  • 17

    Dec

  • 30

    Jan

BMY

Bristol-Myers

$59.94

0.435 (0.73%)

16:32
12/08/19
12/08
16:32
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16:32
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Bristol-Myers announces data from multiple liso-cel studies at ASH meeting »

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  • 08

    Dec

  • 09

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  • 11

    Dec

QURE

uniQure

$66.06

1.5 (2.32%)

16:26
12/08/19
12/08
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uniQure reports 1-year follow-up data from etranacogene dezaparvovec study »

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  • 09

    Dec

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