JP Morgan Upgrades Eaton Corp to Overweight, Announces $230 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Stephen Tusa has upgraded Eaton Corp (NYSE:ETN) from Neutral to Overweight and announced a price target of $230.
October 06, 2023 | 11:04 am
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Eaton Corp has been upgraded from Neutral to Overweight by JP Morgan, with a new price target of $230.
The upgrade from JP Morgan is a positive signal for Eaton Corp. The new Overweight rating suggests that the analyst believes the company's stock will outperform the market in the near future. The price target of $230 indicates a significant upside potential from the current price. This could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100