Mizuho raised the firm’s price target on Eaton to $300 from $260 and keeps a Buy rating on the shares following the Q4 report. The analyst says Electrical Americas still driving impressive sales performance “with more runway.” Backlogs are elevated and provide ” significant air cover” looking into 2024, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ETN: