Rothschild & Co Redburn Adjusts Price Target on Eaton to $402 From $403
Rothschild & Co Redburn has revised its price target for Eaton Corporation plc, lowering it slightly from $403 to $402.
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Trane Technologies and Eaton developed an integrated design for NVIDIA’s DSX AI Factory, targeting faster development and more efficient AI data centers.
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Rothschild & Co Redburn has revised its price target for Eaton Corporation plc, lowering it slightly from $403 to $402.
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Eaton reported strong Q3 sales growth of 28% with record orders across all segments, but GAAP EPS rose only 7% due to acquisition-related debt and amortization charges. While organic sales grew 19% and management raised guidance, net interest expenses nearly tripled to $198 million, limiting profit reaching shareholders. The company expects organic growth to slow in Q4.