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Stock Market & Financial Investment News

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June 6, 2014
06:40 EDTETN, MTOREaton 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.
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