Eaton price target raised to $198 from $170 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on Eaton to $198 from $170 and keeps an Underweight rating on the shares. The analyst increased estimates post the Q2 results to reflect the company’s “more resilient” sales growth. However, the stock’s valuation “affords little room for error,” the analyst tells investors in a research note.