Deutsche Bank Sticks to Its Buy Rating for Eaton Corporation (ETN)


Deutsche Bank analyst Nicole Deblase maintained a Buy rating on Eaton Corporation (NYSE: ETN) today and set a price target of $95. The company’s shares closed yesterday at $79.63.

According to TipRanks.com, Deblase is a 1-star analyst with an average return of -3.9% and a 47.6% success rate. Deblase covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Illinois Tool Works.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eaton Corporation with a $86.80 average price target, a 9.0% upside from current levels. In a report issued on August 1, Wells Fargo also reiterated a Buy rating on the stock with a $92 price target.

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The company has a one-year high of $89.85 and a one-year low of $69.82. Currently, Eaton Corporation has an average volume of 2.41M.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Eaton Corp. Plc is a diversified power management company, which provides energy-efficient solutions for electrical, hydraulic and mechanical power. It operates through the following segments: Electrical Products, Electrical Systems and Services; Hydraulics; Aerospace and Vehicle.

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