Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Eaton (ETN) to $340 from $395 in sympathy with relative valuation compression, while keeping an Equal Weight rating on the shares. Through the firm’s 2026 earnings bridge work, Wells expects an initial guidance range of positive 6.5%-8.5% organic growth and $13.10-$13.50 for EPS, prioritizing a conservative start to the year.
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