Eaton price target raised to $159 from $145 at Barclays

Barclays raised the firm’s price target on Eaton to $159 from $145 and keeps an Underweight rating on the shares post the Q1 results. Eaton’s backlog continues to see a slowdown year-over-year, but is still up strongly, the analyst tells investors in a research note. The firm says the stock’s valuation multiple "may struggle to expand much" from here given orders may be peaking year-over-year.