Eaton (ETN) NewsBite - ETN Price Target Lifted
Posted: Friday, March 12, 2010 11:24 AM EDT
By: Market Intelligence Center Staff
Eaton (NYSE: ETN) opened at $73.02. So far today, the stock has hit a low of $73.02 and a high of $74.08. ETN is now trading at $73.53, up $0.99 (1.36%). Over the last 52 weeks the stock has ranged from a low of $31.27 to a high of $73.38. ETN shares are rising after an analyst at Citigroup reiterated the stock at Buy and raised its price target to $82 from $77, adding in a note, "We see ETN benefiting from near-term recovery in certain key end-markets, and attractive longer-term secular trends." This could be a good sign for ETN. Technical indicators for the stock are bullish and S&P gives ETN a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ETN the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 65 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Eaton (ETN) Stock ReportSee what our analysts have uncovered about Eaton (ETN).
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