Raymond James Maintains Outperform on Eaton Corp, Lowers Price Target to $365
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Tim Thein maintains an Outperform rating on Eaton Corp (NYSE:ETN) but lowers the price target from $375 to $365.
September 09, 2024 | 1:19 pm
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NEUTRAL IMPACT
Raymond James has maintained its Outperform rating for Eaton Corp but has reduced the price target from $375 to $365, indicating a slightly less optimistic outlook.
The maintenance of an Outperform rating suggests continued confidence in Eaton Corp's performance, but the lowered price target indicates a tempered outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100