tiprankstipranks
Eaton assumed with a Buy at UBS
The Fly

Eaton assumed with a Buy at UBS

UBS analyst Amit Mehrotra assumed coverage of Eaton (ETN) with a Buy rating with a price target of $431, up from $330. Eaton can sustain high single digit revenue growth for several years to come, driven by data center growth, electrification trends and reshoring of manufacturing capacity, the analyst tells investors in a research note. Additionally, UBS believes the company’s earnings can reach $17 per share in 2028, 4% above consensus, with upside to $19.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App