RBC Capital lowered the firm’s price target on Eaton (ETN) to $376 from $405 and keeps an Outperform rating on the shares ahead of its Investor Day presentation by the new CEO Paul Ruiz. The firm notes that its lowered target multiple reflects the lower average market multiple assigned to the company’s datacenter electrical peer group following the DeepSeek selloff, the analyst tells investors in a research note.
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Read More on ETN:
- Eaton price target lowered to $305 from $335 at Wells Fargo
- Eaton price target lowered to $325 from $353 at Barclays
- Eaton increases quarterly dividend by 11% to $1.04 per share
- Eaton call volume above normal and directionally bullish
- Eaton’s Promising Growth Backed by US Reshoring and Industrial Mega-Themes: A Buy Recommendation
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