BofA Securities analyst Andrew Obin maintains $Eaton (ETN.US)$ with a buy rating, and sets the target price at $410.
According to TipRanks data, the analyst has a success rate of 66.3% and a total average return of 15.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Eaton (ETN.US)$'s main analysts recently are as follows:
The company's margin trajectory and growth prospects, especially within the Electrical sector, are seen as increasingly positive, particularly as capacity expansion takes effect.
Eaton is positioned to maintain a high single-digit revenue expansion over the coming years, propelled by the growth of data centers, the ongoing shift towards electrification, and the return of manufacturing capacity to local markets. Furthermore, it's anticipated that the company's earnings could achieve $17 per share by 2028, which is slightly higher than the average forecast, with potential to increase to $19.
The revision of ratings in the machinery sector reflects a sentiment that while a political shift may necessitate less caution, it does not warrant widespread optimism given the challenging current starting point. A preference is indicated for smaller companies and those with a domestic focus as opposed to global entities with valuations that are less enticing. It is acknowledged that certain policies have the potential to introduce unpredictable variables that are difficult to incorporate into analytical models.
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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