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BNP starts Eaton with Outperform on strong visibility

As previously reported, BNP Paribas Exane analyst Andrew Buscaglia initiated coverage of Eaton (ETN) with an Outperform rating and $380 price target The company is one of the best ways to play “multiple secular tailwinds,” including artificial intelligence-related data center demand, accelerating reindustrialization and electrification, the analyst told investors in a research note. The firm believes offers high growth and margins, along with “some of the strongest visibility in the sector.”

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