Eaton Makes Its Case For A Stronger Full-Cycle Performance

I’ve been bullish on Eaton (ETN) for a little while now, and the shares have partly rewarded that with a slightly better-than-average performance relative to other industrials. Part of the problem is cyclical risk, and Eaton’s recent Investor Day was management’s opportunity to make the case that the company is better-positioned to generate stronger results at all phases of the cycle. Although the undervaluation I see here suggests the Street doesn’t fully buy that idea, I think these shares still have some appeal even in the face of macro uncertainties.

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Eaton Makes Its Case For A Stronger Full-Cycle Performance