Eaton price target raised to $432 from $425 at RBC Capital

RBC Capital raised the firm’s price target on Eaton (ETN) to $432 from $425 and keeps an Outperform rating on the shares. The company reported a “modest” Q3 earnings beat, though the firm is positive on its 70% data center orders and the impressive growth/synergies expectations unveiled for the $9.5B Boyd Thermal acquisition, the analyst tells investors in a research note.