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Upgrades: ETN, PEP, DPZ
Wednesday, March 3, 11:55 AM ET

This morning, Bank of America upgraded shares of Eaton (NYSE:ETN) from Neutral to Buy as shares appear attractive at these levels. The firm sees better margins going forward and has raised its 2010 EPS estimate to $4.17 per share. With the upgrade, Bank of America also raised its price target to $90 per share.

Shares of Eaton were climbing on the upgrade, gaining more than two percent so far today.

Goldman Sachs reinstated coverage on shares of Pepsi (NYSE:PEP) with a Buy rating. The firm believes the recent acquisition of its bottling operations will be accretive to earnings and should push the stock higher. With the Buy rating, Goldman set a price target of $75 per share.

In morning trading, shares of Pepsi were in the green, gaining a little more than one percent on the news.

And Bank of America raised its price target on shares of Domino's Pizza (NYSE:DPZ) from $13 per share up to $15. The firm see less risk on the company's balance sheet and the potential for higher earnings this year. In the report, Bank of America also raised its 2010 EPS estimates to $1.22 per share.

Shares of Domino's Pizza were showing healthy gains on the upgrade, gaining more than three percent so far today.

For MarketNewsVideo.com, I'm Sayoko Murase.

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