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