Eaton price target raised to $310 from $270 at Citi

Citi raised the firm’s price target on Eaton to $310 from $270 and keeps a Buy rating on the shares. The analyst increased estimates on the back of the company’s stronger Q4 earnings and bookings. Unlike certain of its peers, Eaton’s full-year looks to be more front-loaded with strong deliveries in Electrical and Aerospace helping to support near-term numbers, the analyst tells investors in a research note. The firm believes the initial outlook sets an earnings base that is likely to be lifted through 2024.