Analysts: Eaton Looks Attractive and 3 Other Research Notes to Explore
Eaton (NYSE:ETN): Morgan Stanley upgraded Eaton to Overweight from Equal Weight. The firm’s end-market inventories and capex analysis indicate a short-term growth acceleration, that, combined with recent underperformance, makes shares look attractive. The price target on the shares is $76.
ChannelAdvisor (NYSE:ECOM): Stifel raised ChannelAdvisor’s price target to $35 from $25 given increased confidence that it can continue to increase estimates as recent salesforce additions take hold. Additionally, the analyst is more bullish that the company can reaccelerate and sustain core revenue growth. The shares are given a Buy rating.
Cynosure (NASDAQ:CYNO): Leerink said its industry checks and recent conversations with management indicate that the recent selloff in shares of Cynosure is not based on fundamentals. The firm views the stock as oversold at current levels and reiterates an Outperform rating on the name.
EOG Resources (NYSE:EOG): Morgan Stanley upgraded EOG Resources to Overweight from Equal Weight. The analyst said EOG Resources is in the “energy sweet spot” with positive operating momentum, improved capital productivity, and a compressed valuation, raising the price target on the shares to $200.
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