BUZZ-J.P.Morgan raises Eaton PT driven by strong B2B growth

Reuters
06 May
BUZZ-J.P.Morgan raises Eaton PT driven by strong B2B growth

** J.P. Morgan raises price target on Eaton Corp ETN.N to $300 from $289, an upside of nearly 1% to the stock's last close

** Keeps 'overweight' rating, saying B2B remains above other segments on strong backlog, project pipeline that will continue to support growth along with step up in H2 production

** Says plans spend to boost U.S. manufacturing will enhance resilience against trade impacts

** Still, JPM's PT is 3rd lowest among 21 analysts covering ETN; their median PT is $348 and avg rating is "buy"-LSEG data

** As of last close, stock had fallen 10% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10