Cooper Industries: Plugged into Global Markets
Houston-based Cooper Industries (CBE; recent price, $44) is a diversified, worldwide manufacturer of electrical products, tools, and hardware. We expect the company to generate more than $6.7 billion in revenues in 2008 and more than $7.2 billion in 2009. Our 5 STARS (strong buy) recommendation is based on several factors, including a belief that the company has a favorable product and regional-business mix, margin-enhancing opportunities, and a valuation at attractive levels.
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