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Stock impact report

Barclays Sees Eaton (ETN) as “Battleground” While Jefferies Initiates Buy [Yahoo! Finance]

Eaton Corporation, PLC Ordinary Shares (ETN) 
Last eaton corporation, plc ordinary shares earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Barclays Sees Eaton (ETN) as “Battleground” While Jefferies Initiates Buy Photo by Dan Dennis on Unsplash On March 16, Barclays analyst Julian Mitchell raised the firm's price recommendation on Eaton Corporation plc (NYSE:ETN) to $354 from $350. It also reiterated an Equal Weight rating on the shares. The firm updated its model following the closing of the Boyd deal. It expects Eaton to remain a “battleground” stock for investors in the near term. That same day, Jefferies reinstated coverage of Eaton with a Buy rating and a $430 price target after the Boyd Thermal acquisition was completed. The analyst said the deal strengthens Eaton's data center offering by adding thermal management and engineered products, according to a research note. Earlier, on March 12, the company confirmed it had completed the acquisition of the Boyd Thermal business from Boyd Corporation, which was owned by Goldman Sachs Asset Management. Boyd Thermal focuses on thermal components, systems, and rugg Show less Read more
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