Bernstein SocGen Group analyst Chad Dillard raised the price target on Eaton Corporation (NYSE: ETN) to $428.00 (from $395.00) while maintaining an Outperform rating.

The analyst commented: "Primed for next wave of growth; here's your entry point; ETN reported 4Q EPS in-line with street and initiated 2026 and 1Q guidance that was below street expectations. This was well-telegraphed beforehand, so the stock barely reacted. We like the setup from here: bears worry about the margins and the back-end loaded guide, but we see growth broadening, ETN on the verge of ramping capacity to unlock it, a meaningfully higher margin profile thereafter and an upcoming portfolio transformation that will simultaneously lower cyclicality and boost the long-term earnings algorithm."