Eaton price target raised to $407 from $399 at RBC Capital

Group 1 - RBC Capital raised the price target on Eaton (ETN) to $407 from $399 while maintaining an Outperform rating on the shares [1] - Eaton's Q4 performance exceeded expectations, indicating positive momentum despite conservative guidance for 2026 [1] - The underlying orders and backlog suggest that Eaton's 2026 guidance has significant potential for "beat-and-raise" outcomes [1]