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Fly News Breaks for November 12, 2019
Nov 12, 2019 | 05:28 EDT
HSBC analyst Puneet Garg downgraded Eaton to Hold from Buy with a $96 price target.
News For ETN From the Last 2 Days
Dec 5, 2019 | 10:13 EST
U.S. Machinery Equity Analyst Duignan, along with Kenny Vieth, President of ACT Research and Dr. Mihai Dorobantu, Director of Tech Planning at Eaton Corporation's Vehicle Group, provide a review of regional emissions standards on an Analyst/Industry conference call to be held on December 10 at 10 am.
Dec 4, 2019 | 10:40 EST
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Eaton (ETN) downgraded to Hold from Buy at Deutsche Bank with analyst Nicole DeBlase saying she sees "limited scope" for further multiple re-rating and downside risk to earnings forecasts for most Industrial names under her coverage. 2. Marvell (MRVL) downgraded to Market Perform from Outperform at BMO Capital with analyst Ambrish Srivastava finding the shares "reasonably valued with a balanced risk/reward profile." 3. ViewRay (VRAY) downgraded to Neutral from Buy at B. Riley FBR with analyst Andrew D'Silva saying recent events at the company have "pros and cons." 4. Workday (WDAY) downgraded to Neutral from Buy at Compass Point with analyst Marshall Senk saying management has been delivering commentary that growth forecasts for next year need to be reined in. 5. Owens Corning (OC) downgraded to Neutral from Buy at BofA/Merrill with analyst John Lovallo saying he believes that a breakup of Owens Corning's business is less likely in the near-term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Dec 4, 2019 | 05:06 EST
Deutsche Bank analyst Nicole DeBlase downgraded Eaton to Hold from Buy citing risk to 2020 estimates as well as the recent outperformance of the shares.