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Monday, 10/06/2014 9:33:44 AM

Monday, October 06, 2014 9:33:44 AM

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Wells Fargo cuts Eaton price target, EPS estimate

Despite its current Outperform rating, Wells Fargo has lowered its price target range on Eaton (NYSE:ETN) to $70-$73 from $80-$83, citing slow U.S. industrial distribution channel growth, more competitive pricing, weakening in international machine demand and aggressive pricing in some regions.
The firm also cut its 2015 EPS estimate for Eaton to $4.90 from $5.15, vs. consensus of $5.26.

Harry Truman: I never gave anybody hell, I just told the truth and they thought it was hell...

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