Eaton price target raised to $220 from $210 at Wells Fargo

Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Eaton to $220 from $210 and keeps an Equal Weight rating on the shares. The firm notes the company delivered another “impressive” quarter, led by strength in Electrical Americas. Enthusiasm remains high for growing tailwinds from mega projects that touch many of Eaton’s end markets, Wells adds.