Eaton price target raised to $161 from $149 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Eaton to $161 from $149 but keeps a Sector Perform rating on the shares. While the company’s Q4 earnings missed the firm’s expectations, the conference call reflected on the robust demand being seen across Eaton’s business, the analyst tells investors in a research note. The firm adds however that the "only rub" on the stock is that shares "look fully valued".