Mizuho has revised its price target for Eaton (ETN, Financial), lowering it from $385 to $335, while maintaining an Outperform rating on the stock. This adjustment comes as the firm recalibrates its expectations for the electrical equipment and multi-industry sectors ahead of earnings reports, factoring in a slowdown in near-term demand and the potential impact of tariffs on financial outcomes.
While the company’s Q1 performance appeared to be in line with expectations, Mizuho notes that recent developments have shifted investor attention away from these results. The analyst highlights the risk of increased tariffs, especially those involving China, which are expected to pose challenges. Companies are preemptively adjusting prices in response, yet Mizuho anticipates that some challenges will remain unaddressed, creating headwinds for the sector.
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 $341.42 with a high estimate of $418.18 and a low estimate of $270.00. The average target implies an upside of 29.74% from the current price of $263.15. 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 $264.61, suggesting a upside of 0.55% from the current price of $263.15. 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.
