RBC Capital analyst Deane Dray raised the firm’s price target on Eaton (ETN) to $356 from $336 and keeps an Outperform rating on the shares. The company reported a modest Q1 operating beat and reaffirmed 2025 guide, with better topline offsetting modest tariff-pressured margins, the analyst tells investors in a research note. Electrical/datacenter/utility and Aerospace drove growth upside, with strong orders, backlog growth, and active negotiation pipeline, RBC added.
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