Trane price target lowered to $485 from $495 at Barclays

Barclays analyst Julian Mitchell lowered the firm’s price target on Trane (TT) to $485 from $495 and keeps an Overweight rating on the shares. The firm adjusted targets in the multi-industry sector. Its base case is for down year-over-year sales in fiscal Q1 of 2026, with flattish sales overall in 2026. Barclays does not think the current “confluence of headwinds” should be capitalized, especially given high valuations in the group.