Eaton Corporation (ETN) PT Lowered to $335 at Jefferies

Jefferies analyst Stephen Volkmann lowered the price target on Eaton Corporation (NYSE: ETN) to $335.00 (from $390.00) while maintaining a Buy rating.

The analyst comments "At the 2025 Investor Day incoming CEO Paulo Ruiz provided 2030 targets for a 6-9% annual revenue CAGR and 350-450bps in margin expansion which implies ~$22.00 in earnings at the mid-point. Guidance felt conservative relative to segment forecasts, with additional upside potential from capital deployment. ETN reiterated their 1Q and 2025 outlook. No changes in our model; we reiterate our BUY rating but trim our PT to $335 on lower peer multiples."

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