Eaton price target raised to $385 from $370 at Jefferies

Jefferies analyst Stephen Volkmann raised the firm’s price target on Eaton to $385 from $370 and keeps a Buy rating on the shares. Hard data suggests that shorter-cycle trends have not seen a meaningful inflection since the Q1 reporting season and with numbers and expectations having come down, the firm sees a mostly in-line Q2 earnings period for the U.S. Machinery group, the analyst tells investors in a preview.