HSBC Maintains Hold on Eaton Corp, Raises Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Puneet Garg maintains a Hold rating on Eaton Corp (ETN) and raises the price target from $240 to $280.
May 03, 2024 | 6:38 pm
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POSITIVE IMPACT
HSBC maintains a Hold rating on Eaton Corp but increases the price target from $240 to $280.
The increase in price target by HSBC suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term positive impact on the stock price. The Hold rating indicates that the stock is currently valued appropriately, but the raised target suggests growth potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100