Baird and BMO Capital initiated coverage of Eaton Corporation with Outperform ratings. Both financial firms established a $500 price target for the stock. Analysts cite surging demand for power management infrastructure driven by artificial intelligence and data center expansion. A significant portion of Eaton’s 2025 data center orders are already AI-related. The company is currently preparing for a technological transition to 800VDC power systems. These initiations position Eaton as a core industrial holding for the AI infrastructure boom.