Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Eaton (ETN) to $310 from $270 and keeps an Equal Weight rating on the shares. EA organic was strong in the quarter and the guide raise reflects pricing plus some volume contingency, the firm says. Orders were generally as expected on a tough compare. Key swing factor remains data center growth trajectory, Wells adds.
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>>
Read More on ETN: