Morgan Stanley highlighted technology’s persistent threat to the industrial cycle, as well as the demand for capital goods within the electrical equipment industry, in a broad intiation of electrical equipment and multi-industry stocks Tuesday. “These violent delights have violent ends,” the firm's analysts said. The Analysts Analysts from Morgan Stanley initiated coverage of 14 electrical equipment and multi-industry stocks and assumed coverage of three.Overweight Honeywell International Inc. : Morgan Stanley said the company is a solid balance of upside potential and secular performance using an emerging software platform. Price Target: $175. Emerson Electric Co. : EMR should demonstrate outsized benefit from productivity spending and cyclical momentum, according to Morgan Stanley. Price Target: $85. Stanley Black & Decker, Inc. : SWK is a prime example of an effective market outgrowth with internal investments, the analysts said. Price target lifted from $161 to $164. Ingersoll-Rand PLC. : IR represents a mix of value, lower volatility and upside margin execution, according to Morgan Stanley. Price Target: $111. Hubbell Incorporated : HUBB’s cost challenges are improving, as is the company’s "structural upgrade to growth" after the purchase of Aclara Technologies. Price target lowered from $136 to $133. Morgan Stanley assigned Equal-weight valuations to companies such as Parker-Hannifin Corp. , Johnson Controls , Allegion PLC and Colfax Corp. . Underweight Lennox International Inc. : Morgan Stanley analysts consider LII’s business fundamentals to be in the later stages and its valuation to be "less favorable." Price Target: $201. Rockwell Automation : ROK’s markets have lost some outgrowth potential, as certain headwinds limit the company’s ability to grow in software verticals, according to Morgan Stanley. The stock was downgraded from Equal-weight and its price target was lowered from $192 to $163. Source