Eaton price target raised to $197 from $173 at UBS

UBS raised the firm’s price target on Eaton to $197 from $173 and keeps a Buy rating on the shares. UBS continues to view orders as the top Industrial KPI and Eaton boasts amongst the broadest and most durable set of secular drivers under coverage which should allow for sustained order momentum, backlog preservation and positive EPS revisions despite macro softening, the analyst tells investors in a research note.