Eaton price target raised to $340 from $200 at Berenberg

Berenberg raised the firm’s price target on Eaton to $340 from $200 and keeps a Buy rating on the shares. The analyst thinks Eaton’s aerospace and defense business is a “further kicker to growth momentum.” Eaton is very positively exposed to the secular themes of electrification, with a high level of exposure to data centers, the analyst tells investors in a research note.