Eaton (ETN)
has long been a well-regarded industrial conglomerate, so it's not too
surprising that the stock has ridden the market upswing and delivered a
one-third return just since the mid-fall of 2012. Looking ahead, there
are still several valid reasons to be positive on these shares,
including significant emerging market growth, leverage to a domestic
construction recovery, and the opportunity to boost margins. Although it
may be hard for some investors to reconcile the stock near its 52-week
high while its end markets are still looking weak, Eaton looks like a
relative bargain in a value-starved sector.
Read the full article at Seeking Alpha:
Cooper Broadens Eaton Opportunities, But 2013 Could Still Be Tough
No comments:
Post a Comment