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Eaton price target raised to $425 from $375 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Eaton (ETN) to $425 from $375 and keeps an Overweight rating on the shares. Margins came in “below buyside bogeys,” but the firm thinks the margin headwinds will prove transitory and exits Q2 results more confident on the next twelve months outlook, the analyst tells investors.

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