Eaton price target lowered to $375 from $385 at Morgan Stanley

Morgan Stanley analyst Christopher Snyder lowered the firm’s price target on Eaton (ETN) to $375 from $385 and keeps an Overweight rating on the shares. The Eaton debate is a question of cycle duration, and the firm exits Q1 results with increased conviction that high-single digit organic growth can be sustained through the end of the decade, the analyst tells investors.