Eaton price target raised to $392 from $374 at RBC Capital

RBC Capital raised the firm’s price target on Eaton (ETN) to $392 from $374 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 for the Multi-Industry sector. Secular drivers like electrification, reshoring, and datacenters remain powerful growth drivers, and Trump 2.0 should be decidedly pro-business and tariffs should be a manageable risk, the analyst tells investors in a research note. For the company, the firm notes that following its portfolio reshaping with the divestitures of Lighting and Hydraulics, Eaton has become a more electrical- focused entity that is better positioned to capitalize on the five-plus-years of Electrical Supercycle.