RBC Capital raised the firm’s price target on Eaton (ETN) to $484 from $457 and keeps an Outperform rating on the shares after its Q1 earnings beat. Eaton is executing well against the accelerating growth opportunities in datacenters, utility, and electrification broadly, and the firm is looking for second-half uptick in incremental organic volume, operating leverage, and sequential margin expansion, the analyst tells investors in a research note.
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