NEW YORK (TheStreet) -- Eaton Corp. (ETN) - Get Report price target was lowered to $73 from $80 at Credit Suisse, which maintained its "outperform" rating.

Credit Suisse also cut 2015 earnings estimates to $4.46 from $4.67 per share, with 2016 and 2017 earnings estimates raised to $4.96 from $5.15 per share, and to $5.33 from $5.50 per share, respectively.

Yesterday, Eaton announced its 2015 second quarter financial results with earnings of $1.16 per up 5% over the second quarter of 2014. Revenues were $5.4 billion, 7% lower than the same period last year.

"The lack of clarity around the restructuring action and the jump assumed in guidance for EPG margins in the second half year are likely to cap the extent of a multiple re-rating short-term," Credit Suisse analysts said.

Eaton is a power management company providing solutions to its customers to manage electrical, hydraulic and mechanical power efficiently, safely and sustainably.

Shares of Eaton are dropping 0.90% to $60.70 in afternoon trading on Thursday.

Separately, TheStreet Ratings team rates EATON CORP PLC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate EATON CORP PLC (ETN) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, expanding profit margins, growth in earnings per share and increase in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."

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