Eaton's Growth Targets Look Achievable, Analyst Raises EPS Forecast For 2026 & 2027

BofA Securities analyst Andrew Obin reiterated a Buy rating on Eaton Corporation (NYSE:ETN) with a price forecast of $410 following last week’s investor day.

The analyst writes that, at the event, the company issued 2024-2030 targets of organic growth of 6%-9% and adjusted EPS CAGR of over 12%, aligning with his expectations and investor forecasts.

Obin notes that while data centers contribute to organic growth (~19% of sales in 2025E; high-teens CAGR), growth is broad-based, with Commercial & Institutional (20% of sales), Utilities (11%), and Aerospace (15%) ...