Bank of America analyst Andrew Obin has revised his price target for Eaton (ETN, Financial), lowering it from $410 to $330, while maintaining a Buy rating on the stock. This adjustment comes as part of a broader analysis of the Industrials/Multi-Industry sector, where BofA anticipates first-quarter earnings to meet or exceed expectations.
Despite this positive outlook, the firm is taking a cautious stance by reducing its earnings projections due to prevailing uncertainties and tariffs that continue to impact the industry. This caution remains even after the recent announcement of a 90-day suspension of reciprocal tariffs, which was made on April 9.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Eaton Corp PLC (ETN, Financial) is $350.64 with a high estimate of $418.18 and a low estimate of $270.00. The average target implies an upside of 26.34% from the current price of $277.53. More detailed estimate data can be found on the Eaton Corp PLC (ETN) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Eaton Corp PLC's (ETN, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Eaton Corp PLC (ETN, Financial) in one year is $264.52, suggesting a downside of 4.69% from the current price of $277.53. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Eaton Corp PLC (ETN) Summary page.
