Eaton Upgraded to Outperform, Driven by Data Center and Electrical Demand

Evercore ISI Group upgraded Eaton Corporation PLC from In-Line to Outperform. The firm raised its price target for the stock to $502 from $453.

The upgrade follows record second-quarter 2026 results that exceeded analyst estimates. Growth was driven by strong electrical sales and surging data-center demand.

Eaton raised its full-year 2026 adjusted earnings guidance to between $13.40 and $13.60 per share. Management cited a robust backlog and continued momentum across core business segments.