UBS raised the firm’s price target on Eaton (ETN) to $431 from $330 and keeps a Buy rating on the shares after assuming coverage of the name. The firm expects orders in the company’s Electrical Americas segment to continue growing mid-to-high teens in Q4, and forecasts EPS of $2.81 vs. consensus of $2.80, the analyst tells investors in a research note. The firm projects double digit EPS growth in 2025.
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