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Technology Stocks : Eaton (ETN) is definitely not overvalued! -- Ignore unavailable to you. Want to Upgrade?


To: Walter Morton who wrote (275)2/25/2000 2:23:00 PM
From: go4it  Read Replies (1) | Respond to of 338
 
Thoughts?
RESEARCH ALERT - Lehman raises Eaton price target

NEW YORK, Feb 25 (Reuters) - Lehman Brothers said Friday it raised its price target for shares of industrial equipment maker
Eaton Corp. (NYSE:ETN - news) to $130 per share from $115 per share.

-- Said the core Eaton business ``could be headed for a breakout year in 2000.'

-- Said it will study the possibility of the company selling a stake in its semiconductor equipment operations, estimating its value at $30 to $40 per Eaton share.

-- Shares of Eaton closed at 78 on Thursday on the New York Stock Exchange.