RBC Capital upgraded Eaton to Outperform from Sector Perform with a price target of $371, up from $286. The analyst sees Eaton shares as the best large-cap way to play the current “electrical supercycle.” The firm’s bull case is based on “confidence in the array of multiyear secular drivers” powering megaprojects. It says Eaton has the sector’s best broad-based datacenter exposure.
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: