Eaton Corporation plc (NYSE:ETN) is one of the AI Stocks You Should Not Ignore. On September 15, Melius upgraded the stock to “Buy” from Neutral with a price target of $495. The firm believes Eaton is a “secular winner.” “We are upgrading Eaton to Buy from Hold and raising our price target to $495 from $412, implying 35% upside from the current price.” According to the firm, previous concerns around valuation and slowing earnings momentum have now eased driven by renewed AI capital spending and a more r ...

Eaton Corporation plc (NYSE:ETN) is one of the Trending AI Stocks on Wall Street. On September 12, BNP Paribas Exane analyst Andrew Buscaglia reiterated an Outperform rating on the stock with a $413.00 price target. According to the analysts, Oracle’s remarkable backlog demonstrates how big the AI-driven growth opportunity is. A similar surge is anticipated for Eaton in its order backlog as customers spend more on equipment needed to power AI data centers. “We view Oracle’s backlog, supported by multi-y ...