Eaton price target lowered to $405 from $407 at RBC Capital

RBC Capital lowered the firm’s price target on Eaton (ETN) to $405 from $407 but keeps an Outperform rating on the shares. Following Monday’s DeepSeek-triggered selloff, the firm was “impressed/relieved” with CEO Craig Arnold’s confidence in Eaton’s datacenter growth outlook, noting that the company had canvassed all its key datacenter customers and heard no changes to growth/capex plans, the analyst tells investors in a research note.