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Stock Market & Financial Investment News

News Breaks
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.
News For ETN;MTOR From The Last 14 Days
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March 27, 2015
07:01 EDTMTORMeritor announces executive title sponsorship of ChampTruck World Series
March 19, 2015
10:02 EDTMTOROn The Fly: Analyst Downgrade Summary
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07:10 EDTETNEndeavor IP subsidiary enters into license, settlement agreement with Eaton
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05:46 EDTMTORMeritor downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded Meritor to Equal Weight saying currency headwinds and soft Brazil truck trends put consensus estimates at risk. The firm cut its price target for shares to $15 from $17.
March 17, 2015
07:13 EDTETNBofA/Merrill to hold a conference
Global Industrials & EU Autos Conference 2015 to be held in London, England on March 17-20.
March 15, 2015
17:33 EDTETNEaton can rise 20%, Barron's says
Eaton trades at a 21% discount to the S&P and shares could rise 20% in the next year, Barron's contends in a feature column. Eaton shares yield 3.3%, the paper adds. Reference Link

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