In the latest quarter, 10 analysts provided ratings for Eaton Corp (NYSE:ETN), showcasing a mix of bullish and bearish perspectives.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

BullishSomewhat BullishIndifferentSomewhat BearishBearishTotal Ratings24400Last 30D001001M Ago120002M Ago010003M Ago11300

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $345.1, a high estimate of $385.00, and a low estimate of $315.00. This current average reflects an increase of 0.35% from the previous average price target of $343.88.

price target chart

Understanding Analyst Ratings: A Comprehensive Breakdown

The standing of Eaton Corp among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

AnalystAnalyst FirmAction TakenRatingCurrent Price TargetPrior Price TargetJulian MitchellBarclaysRaisesEqual-Weight$327.00$319.00Andrew KaplowitzCitigroupAnnouncesBuy$348.00-Tim TheinRaymond JamesLowersOutperform$365.00$375.00Chris SnyderMorgan StanleyAnnouncesOverweight$370.00-David RasoEvercore ISI GroupLowersOutperform$333.00$357.00Deane DrayRBC CapitalLowersOutperform$371.00$376.00Joseph O'DeaWells FargoLowersEqual-Weight$315.00$320.00Julian MitchellBarclaysRaisesEqual-Weight$319.00$318.00Stephen VolkmannJefferiesRaisesBuy$385.00$370.00Julian MitchellBarclaysRaisesEqual-Weight$318.00$316.00Key Insights:

Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Eaton Corp. This information provides a snapshot of how analysts perceive the current state of the company.
Rating: Offering insights into predictions, analysts assign qualitative values, ...

Full story available on Benzinga.com