Barclays lowered the firm’s price target on Eaton (ETN) to $325 from $353 and keeps an Equal Weight rating on the shares. The firm reduced price targets in the multi-industry group, saying normalization is underway on orders, lead times, pricing, and share valuations.
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- Eaton increases quarterly dividend by 11% to $1.04 per share
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- Eaton’s Promising Growth Backed by US Reshoring and Industrial Mega-Themes: A Buy Recommendation
- Eaton price target lowered to $405 from $407 at RBC Capital
- Eaton price target lowered to $335 from $350 at Wells Fargo