** Bernstein cuts price target on power management company Eaton Corp ETN.N to $395 from $414, maintains rating at "outperform"

** New PT still represents an upside of 25% from stock's last close

** Bernstein expects Eaton to pause its $2 bln buybacks as it prioritizes debt reduction after the $9.4 bln Boyd deal; cuts 2026 EPS forecast to $13.50, 2% below consensus

** Brokerage expects ETN to issue conservative Q4 guidance as margin pressure from new capacity ramp-up likely to persist through first half of 2026, with most of the planned additions coming online early

** Twenty-two of 30 brokerages rate the stock "buy" or higher and eight "hold"; their median PT is $413.5, according to data compiled by LSEG

** As of last close, shares down 4.8% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))