Jefferies analyst Stephen Volkmann maintains $Eaton (ETN.US)$ with a buy rating, and adjusts the target price from $400 to $440.
According to TipRanks data, the analyst has a success rate of 68.6% and a total average return of 20.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Eaton (ETN.US)$'s main analysts recently are as follows:
A 'slightly brighter demand outlook' for short cycle industrial goods is anticipated to be the main driver of acceleration in 2025. Valuations for most stocks in this sector are now at or nearing historical peaks, which is seen as occurring 'despite or because of' record high earnings.
Looking towards 2025, the landscape for the Machinery and Industrial sector seems to be evolving with a more bullish outlook on industrial trends and with valuations nearing the upper historical range, leading to a more selective approach. The shares of Eaton are described as being widely held, yet they are expected to continue to perform well. This optimism is partly due to the company's significant role in the widespread electrification movement, coupled with the sustainable growth anticipated in data centers.
Note:
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