BUZZ-Barclays cuts Eaton's PT on weak growth expectations
Reuters04-01
BUZZ-Barclays cuts Eaton's PT on weak growth expectations
** Barclays cuts power management company Eaton ETN.N price target to $340 from $354; maintains "equal weight" rating
** New PT represents a 4.9% downside on stock's last close
** Says ETN has above-sector average exposure to both raw material inflation and the non-residential construction cycle, which present possible profit and top-line risks in the medium term
** "We think co's Q2 EPS guidance may struggle to match the Street estimate, due to ongoing sluggishness in Electrical Americas operating margins," brokerage says
** As of last close, shares up about 12.3% YTD
(Reporting by Parth Chandna)
((Parth.Chandna@thomsonreuters.com;))
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