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Stock Market & Financial Investment News

News Breaks
June 2, 2014
08:00 EDTMTOR, ETNEaton litigation with Meritor remains an overhang, says JPMorgan
JPMorgan says Eaton's (ETN) litigation with Meritor (MTOR) remains an overhang on the stock. The firm says visibility into the outcome should improve in the coming weeks as legal proceedings pick up. JPMorgan believes expectations have been reset for Eaton following the company's Q2 results and it reiterates an Overweight rating on the name with an $85 price target.
News For ETN;MTOR From The Last 14 Days
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April 6, 2015
07:30 EDTETNJPMorgan still sees elevated truck production in 2015
JPMorgan notes Class 8 truck orders for March dropped 9% year-over-year to 25,100 units, a number that impacts Navistar (NAV), PACCAR (PCAR), Cummins (CMI), Allison Transmission (ALSN) and Eaton (ETN). The firm said Thursday that despite the weaker orders for March, investors should continue to have confidence that production will remain elevated in 2015.

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