Eaton valuation range raised to $70-$73 from $60-$63 at Wells Fargo Wells Fargo increased its valuation range on Eaton after the company reported higher than expected adjusted Q4 EPS . The firm expects the company's earnings power to increase throughout 2013, driven partly by improving demand trends. The firm maintains an Outperform rating on the stock.
News For ETN From The Last 14 Days
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Eaton weighing sale of unit valued at $1B, Bloomberg says Eaton is looking deeper into a sale of its auto-parts unit, valued at $1B, according to Bloomberg, citing two people with knowledge of the situation. The sources said that Eaton expects the business unit to attract potential bidders due to the increase of car sales and its growth potential. Reference Link