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Fly News Breaks for January 21, 2020
Jan 21, 2020 | 08:35 EDT
Argus analyst John Eade raised his price target on Eaton to $105 and kept his Buy rating ahead of its Q4 earnings on February 4th. The analyst is positive on the company's clean balance sheet, high dividend yield, and its expected high-single-digit earnings growth over the long term, along with its margin improvement, buybacks, and revenue growth. Eade further notes that business trends appear to have improved for Eaton, with Aerospace leading its organic sales growth.