Here are five of Morgan Stanley's 10 highest conviction plays, which the firm sees near-term catalysts driving "a meaningful move" upward.
Morgan Stanley sees a positive set up for Eaton and is forecasting beats on all key performance indicators, including Americas organic growth and margins.
"Our detailed organic growth build supports steady ~8% organic growth in 2025-26, roughly ~200 bps above Consensus, which drives [mid-single digit] EPS upside and argues for multiple expansion on sustained strength," he added.
Eaton is set to report third-quarter earnings on Oct. 29.
His price target of $100 suggests shares could rise 29% from Friday's close.
Persons:
Morgan Stanley, Michelle Weaver, Morgan Stanley's, Eaton, Chris Snyder, Ron Kamden, Keith Weiss, —, Sarah Min
Organizations:
CNBC Disruptor, Microsoft
Locations:
Eaton, Americas, 4Q24, Friday's