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Morgan Stanley sets optimistic price target for Eaton amid industry trends
Morgan Stanley analyst Christopher Snyder has set a $385 price target for Eaton Corporation plc (NYSE:ETN), maintaining a "Buy" rating due to the company's alignment with key industry trends such as U.S. reshoring and electrification. Eaton's strategic acquisitions, including Fibrebond, are expected to enhance earnings through revenue synergies, supporting its projected organic growth rate. Despite its potential, some AI stocks are viewed as having greater promise for higher returns in a shorter timeframe.
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