Eaton price target raised to $250 from $210 at Mizuho

Mizuho analyst Brett Linzey raised the firm’s price target on Eaton to $250 from $210 and keeps a Buy rating on the shares. The company reported another strong quarter, driven by outsized performance in Electrical Americas as re-industrialization and electrification activity continues, the analyst tells investors in a research note. The firm says management commentary suggests Eaton’s backlog levels should say elevated for 2-3 years.