Eaton stock jumps on HSBC upgrade as data-center power demand grabs the tape
Eaton shares rose 3.6% to $345.36 after HSBC upgraded the stock to Buy and raised its price target to $400. JPMorgan cut its Eaton price target to $406 but kept an Overweight rating ahead of Q4 earnings. The S&P 500 ETF edged up 0.1% in afternoon trading. Eaton’s $9.5 billion Boyd Corp deal is set to close in Q2 2026.