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Is Eaton Corporation (ETN) One of the Best Industrial Stocks to Buy?
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Eaton Corporation plc (NYSE:ETN) is highlighted as a top industrial stock, following a maintained Hold recommendation from Wells Fargo with a $395 price target. The article details Eaton's strategic acquisition of Boyd Corporation's thermal business for $9.5 billion to enhance its data center capacity and meet AI demand, expecting the deal to boost adjusted earnings starting in the second year post-closing. This acquisition underscores Eaton's commitment to liquid cooling technology and its broader strategy in power management.
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