Trane Technologies plc is a $92.7 billion climate-innovation and industrial manufacturing company focused on energy-efficient HVAC systems. Despite lagging behind the market, the stock has outperformed the SPDR S&P Homebuilders ETF.
On Oct. 30, TT surged 4.4% after mixed Q3 earnings results. Revenue improved 5.6% year-over-year to $5.7 billion, with strong profitability and all-time-high quarterly bookings of $6 billion. Analysts expect EPS to grow 16% this fiscal year, with a history of exceeding consensus estimates.
Analysts rate TT a “Moderate Buy,” with some suggesting a “Strong Buy” rating. Bank of America upgraded TT to “Buy” with a $550 price target, indicating a 31.5% potential upside from current levels.
Read more at Yahoo Finance: What Are Wall Street Analysts’ Target Price for Trane Technologies Stock?
