Eaton price target raised to $498 from $185 at Citi

Bain Capital and Tillman Global Holdings completed a $1.5 billion investment in Eaton Fiber and its acquisition of Ripple Fiber. The deal supports Eaton Fiber's expansion of Verizon's fiber broadband to over one million locations. Verizon acquired Ripple Fiber's customers and some network assets. Ripple Fiber's shareholders will continue to support Eaton Fiber.

The European Commission approved two mergers: a logistics joint venture in central Europe by Posco Flow Europe and LX Pantos Poland, and Dana Inc.'s acquisition of Eaton's mobility business. Both were cleared under simplified procedures due to negligible competition concerns.

Honda (HMC) saw record hybrid sales and doubled operating profit due to high gas prices. ChargePoint (CHPT) reported revenue growth and reduced losses, driven by demand for home chargers. SolarEdge (SEDG) posted European revenue growth but missed guidance. Eaton (ETN) reported record sales, partly due to electrification. VinFast (VFS) sold more e-scooters in Vietnam due to fuel shortages.

Dana Incorporated received approval from the European Commission to acquire Eaton Corporation's mobility business. The deal is expected to strengthen Dana's position in the mobility sector. Both companies are publicly traded, with Dana listed on the NYSE.

The European Commission approved Dana Incorporated's acquisition of Eaton Corporation's mobility business. HSBC raised its price target for Eaton to $495 from $460. The deal is significant for investors in both companies.

Eaton (ETN) reports record Q2 sales of $8.5B, up 21% YoY, driven by high demand for transformers and data center equipment. Data center revenue grew 65%. The company raised full-year EPS guidance to $13.40-$13.60 and plans to spin off its Mobility group to focus on electrical infrastructure and aerospace.