UPDATE: Nomura Initiates Coverage on Eaton Following Cooper Acquisition
February 21, 2014 at 10:23 AM EST
In a report published Friday, Nomura analyst Shannon O'Callaghan initiated coverage on Eaton (NYSE: ETN ) with a Buy rating and $87.00 price target. In the report, Nomura noted, “We initiate coverage with a Buy rating and an $87 target price. Following its $13bn transformative acquisition of Cooper (December