Check Out What Whales Are Doing With ETN
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Eaton Corp (NYSE:ETN), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $160.0 to $230.0 for Eaton Corp over the last 3 months. JP Morgan upgraded its action to Overweight with a price target of $230, while Morgan Stanley maintained their Overweight rating with a price target of $238.
October 18, 2023 | 8:30 pm
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Whale investor has taken a bullish stance on Eaton Corp, with a targeted price range of $160-$230. JP Morgan and Morgan Stanley have given an Overweight rating with price targets of $230 and $238 respectively.
The bullish stance by a whale investor, along with the Overweight ratings and high price targets given by JP Morgan and Morgan Stanley, indicate a positive short-term impact on Eaton Corp's stock. However, the fact that 50% of investors have bearish expectations introduces some uncertainty.
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IMPORTANCE 80
RELEVANCE 100