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Shares of Eaton Corporation PLC (NYSE: ETN) were climbing in early trading on Friday, despite concerns around stocks with high valuations.
With multi-year catalysts ahead, the company appears to be the “best large-cap way to play the current electrical supercycle,” according to RBC Capital Markets.
The Eaton Analyst: Deane Dray upgraded the rating for Eaton from Sector Perform to Outperform, while raising the price target from $286 to $371.
The Eaton Thesis: Even after the rally in 2023, the company’s shares have room for …
Full story available on Benzinga.com
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