Eaton price target raised to $286 from $246 at RBC Capital

RBC Capital raised the firm’s price target on Eaton to $286 from $246 and keeps a Sector Perform rating on the shares. The company hosted a “well-attended and upbeat” investor meeting this week with lots of product demos, and the event’s overarching message was that Eaton is still early in a multi-year growth super cycle, driven by the megatrends of electrification, decarbonization, energy transition, grid hardening, EV, and datacenters, the analyst tells investors in a research note.