Will These Analyst Downgrades Hurt Eaton (ETN) Stock Today?

NEW YORK (TheStreet) -- Eaton  (ETN) received a pair of analyst downgrades on Wednesday.

Deutsche downgraded the stock to "hold" from "buy," set a $77 price target and decreased its estimates given slower expected sales growth.

J.P. Morgan downgraded Eaton to "neutral" from "overweight" and set a $75 price target based on valuation.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

The stock was down 1.7% to $69.31 in pre-market trading on Wednesday.

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

"We rate EATON CORP PLC (ETN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

You can view the full analysis from the report here: ETN Ratings Report

ETN Chart ETN data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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