UPDATE: Morgan Stanley Upgrades Eaton Corporation on Critical Catalyst

In a report published Monday, Morgan Stanley analyst Nigel Coe upgraded the rating on Eaton Corporation PLC (NYSE: ETN ) from Equal-Weight to Overweight, and raised the price target from $74.00 to $76.00. In the report, Morgan Stanley noted, “There was much concern following ETN's lowering of FY13 guidance, but