Eaton price target raised to $300 from $260 at Mizuho

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.