Eaton's Growth Targets Look Achievable, Analyst Raises EPS Forecast For 2026 & 2027
1. BofA Securities analyst reiterated Buy rating on ETN with $410 price target. 2. Eaton targets 6%-9% organic growth, adjusted EPS CAGR over 12% for 2024-2030. 3. Broad-based growth includes utilities and aerospace, enhancing long-term prospects. 4. Margin expansion of 350-450bps expected by 2030 driven by Electrical Global. 5. Analyst raised EPS estimates for 2026/2027, indicating strong future performance.