Eaton (ETN) is expected to initiate "constructive" 2030/five-year financial targets on its investor day on March 11 as the company is on track to meet or overdeliver on its 2025 targets, RBC Capital Markets said in a note Wednesday.

The firm said Eaton could target five-year organic growth of 6% to 10%, 26.5% earnings before interest and taxes margin and low-double-digit percent earnings per share compound annual growth rate.

RBC said it also expects the company to talk about priorities for capital deployment and operating playbook to bridge Americas and Global electrical performances because of the "noticeable divergence" between the two regions.

The event will also be the first chance to size-up the company's incoming chief executive, Paulo Ruiz, after his debut on the Q4 earnings call, the firm said.

RBC cut its price target on the company to $376 from $405 and maintained its outperform rating.

Eaton shares were down over 3% in recent Thursday trading.

Price: 279.00, Change: -8.73, Percent Change: -3.03