The Latest Analyst Ratings For Eaton Corp
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Eaton Corp (NYSE:ETN) show a positive trend, with 4 analysts updating their views. The average 12-month price target is now $279.5, up from $241.25, indicating a 15.85% increase. Analysts from Citigroup, UBS, RBC Capital, and Wells Fargo have raised their price targets, reflecting optimism about Eaton's market position and financial performance. Eaton's revenue growth, net margin, ROE, and ROA all surpass industry standards, while its debt-to-equity ratio is below average, suggesting a strong financial standing.
February 02, 2024 | 7:00 pm
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POSITIVE IMPACT
Eaton Corp (NYSE:ETN) receives positive analyst ratings with raised price targets, reflecting a bullish outlook based on its strong financial performance and market position.
The unanimous positive revisions by analysts from reputable firms such as Citigroup, UBS, RBC Capital, and Wells Fargo, combined with Eaton's impressive financial metrics like revenue growth, net margin, ROE, and ROA, strongly suggest a bullish short-term impact on ETN's stock price. The increase in the average price target to $279.5 from $241.25 further underscores the analysts' optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100