Eaton trial leverage 'significantly eroded,' says JPMorgan JPMorgan says Eaton's (ETN) leverage at trial in the company's case against Meritor (MTOR) has been "significantly eroded" after a judge denied its motion to reduce damages. The firm believes a settlement could be reached before the June 23 trial date, and that a resolution of the lawsuit would remove an overhang from the stock. JPMorgan reiterates an Overweight rating on Eaton with an $85 price target.
News For ETN;MTOR From The Last 14 Days
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