Movement Alert|Eaton Corp PLC Rises 3.03% in Regular Trading, Evercore ISI Upgrades Rating to Outperform With Target Price Raised to $502

Market Focus
08/03

On August 3, Eaton Corp PLC rose 3.03% in regular trading, trading at $428.77/share, with turnover of $277 million.

On the news front, Evercore ISI upgraded Eaton from \"In Line\" to \"Outperform\" and raised its price target significantly from $453 to $502. According to FactSet, Eaton currently carries an average analyst rating of \"Overweight\" with a mean price target of $476.50.

The upgrade comes on the heels of a strong Q2 earnings report released on July 31, in which Eaton posted adjusted EPS of $3.15, beating the consensus estimate of $3.07, while net sales of $8.53 billion surpassed the expected $8.16 billion, representing 21.3% year-over-year growth. The company simultaneously raised its full-year adjusted EPS guidance to $13.40-$13.60, above the prior range of $13.05-$13.50 and the analyst consensus of $13.35.

Within the Electrical Components & Equipment sector, Vertiv Holdings up 5.26%, Atkore Inc. up 28.1%, Rockwell Automation up 0.94%, nVent Electric up 4.04%, FuelCell down 1.74%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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