On Monday electrical systems designer and manufacturer Eaton Corporation (ETN) received an upgrade from analysts at MKM Partners.
The analysts boosted Eaton’s rating to “Buy” with a price target of $57. The new price target is a +24.4% increase from Friday’s closing price of $45.81.
Eaton shares were up 11 cents, or +.24%, in premarket trading on Monday.
The Bottom Line
Shares of Eaton Corp (ETN) have a 3.32% dividend yield, based on Friday’s closing stock price of $45.81. The stock has technical support in the $40-$42 price area. If the shares can firm up, we see overhead resistance around the $48-$49 price levels.
Eaton Corporation (ETN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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