Read How Analysts Reacted to Eaton's Q4 Results

Analysts updated the price target for Eaton Corp PLC ETN after Q4 results.
Baird analyst Mircea Dobre lowered the price target to $167 from $177 and maintained a Neutral rating on the shares.
The analyst said its recent shortfall was due to supply chain disruptions and, with current guidance, detects conservativism in Electrical given strong order intake.
Dobre said he would look to get more aggressive as he gains comfort with its ability to ramp its production and boost earnings relative to peers.
Related: Eaton Reports 6% Organic Sales Growth In Q4, Provides FY22 Guidance
Barclays analyst Julian Mitchell lowered the price target to $162 (an upside of 7.3%) from $170 and maintained an Equal Weight rating on the shares following the Q4 results.
The guidance Eaton issued "looked sensible, and the degree of back end loading in 2022 is no worse than what we were expecting," mentioned Mitchell.
Mizuho analyst Brett Linzey lowered the price target to $195 (an upside of 29.2%) from $200 and maintained a Buy rating on the shares.
The company posted a modest Q4 operational beat, and its supply chain issues should ease to some extent throughout the fiscal year, states Linzey.
Wells Fargo analyst Joseph O'Dea lowered the price target to $165 from $180 and maintained an Equal Weight rating on the shares.
Credit Suisse analyst John Walsh raised the price target to $186 (an upside of 23.2%) from $184 and maintained an Outperform rating on the shares.
Price Action: ETN shares traded lower by 0.03% at $150.96 on the last check Monday.

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