Eaton shares are trading lower on continued weakness the company reported Q2 financial results yesterday. Also, Wells Fargo lowered its price target on the stock from $320 to $315.
Portfolio Pulse from Benzinga Newsdesk
Eaton shares are trading lower following the company's Q2 financial results and a price target reduction by Wells Fargo from $320 to $315.
August 02, 2024 | 7:21 pm
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Eaton shares are experiencing a decline due to weak Q2 financial results and a price target reduction by Wells Fargo from $320 to $315.
The combination of disappointing Q2 financial results and a lowered price target by a major financial institution like Wells Fargo is likely to negatively impact Eaton's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100