Eaton price target raised to $330 from $320 at BofA

BofA analyst Andrew Obin raised the firm’s price target on Eaton to $330 from $320 and keeps a Buy rating on the shares following the company’s technology showcase last week, which emphasized key areas of growth. Rising electrical content in homes and on planes, reshoring, and electric vehicles were all cited as core growth drivers for Eaton beyond opportunities in data center and grid, where investors are focused, the analyst noted. Following the event, the firm raised its 2026 adjusted EPS estimate by 3% to $12.00 to reflect a higher data center forecast and accelerating eMobility growth and profitability in 2026.