Barclays Upgrades Eaton Corp to Equal-Weight, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Julian Mitchell upgraded Eaton Corp (NYSE:ETN) from Underweight to Equal-Weight and increased the price target from $250 to $300.
April 02, 2024 | 6:18 pm
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Eaton Corp was upgraded by Barclays from Underweight to Equal-Weight, with a price target increase from $250 to $300.
The upgrade from Underweight to Equal-Weight by Barclays, along with a significant increase in the price target, suggests a positive reassessment of Eaton Corp's valuation and future prospects. This is likely to be viewed positively by the market, potentially leading to an increase in stock price in the short term as investors adjust their positions based on this new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100