Oppenheimer Raises Price Target on Eaton Corp.; “Outperform” Rating (ETN)

Oppenheimer analyst raised its target on Eaton Corporation (ETN) on Tuesday due to an expectation of growth throughout the year.

The analysts now see shares of ETN reaching $63, suggesting a +13% upside to Monday’s closing price of $55.75. The firm maintains an “Outperform” rating or the power management specialist.

Eaton shares were flat in premarket trading on Tuesday. The stock is up +22.42% over the past year.

The Bottom Line
Shares of Eaton Corp (ETN) have a 2.73% dividend yield, based on last night’s closing stock price of $55.75. The stock has technical support in the $51-$52 price area. The shares are trading right near all-time highs.

Eaton Corporation (ETN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here