Barclays Maintains Underweight Rating for Eaton Corp: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Underweight rating for Eaton Corp (NYSE:ETN) and raised its price target from $159.00 to $170.00. This new price target would represent a 15.73% decrease from the current share price. Eaton Corp's shares are currently trading up 1.65% over the last 24 hours, at $201.74 per share.
July 10, 2023 | 5:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Barclays has maintained its Underweight rating for Eaton Corp and raised its price target. This could potentially lead to a decrease in the share price.
The Underweight rating maintained by Barclays indicates that they believe Eaton Corp's stock is expected to perform below the average return of the market. The raised price target, which is lower than the current share price, suggests that Barclays expects the share price to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100