We're raising our Eaton price target after sellers got the earnings all wrong

Eaton delivered a great quarter; Tuesday's price action in the stock be darned. This power management provider has orders as far as the eye can see, driven largely by the AI data center boom. Revenue for the first quarter ended March 31 increased nearly 17% year-over-year to a record $7.45 billion, ahead of the LSEG compiled analysts' consensus estimate of $7.08 billion. Adjusted earnings per share (EPS) rose a little over 3% to $2.81, also outpacing the $2.74 expected, according to LSEG. …