Morgan Stanley analyst Christopher Snyder maintains $Eaton (ETN.US)$ with a buy rating, and adjusts the target price from $370 to $385.
According to TipRanks data, the analyst has a success rate of 50.9% and a total average return of 6.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Eaton (ETN.US)$'s main analysts recently are as follows:
Supply and demand continue to be tightly matched for several crucial electrical products, with capacity expansion occurring at a gradual pace. Consequently, it is not anticipated that Eaton will experience a significant decrease in pricing.
The shares faced a subdued performance post-earnings amid heightened expectations. This was partly due to a varied performance in sectors outside of Electrical Americas, influenced by a slowdown in Europe and mixed results in eMobility.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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