Trane price target raised to $177 from $164 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Trane to $177 from $164 but keeps a Sector Perform rating on the shares. The company reported a "solid" Q4 operating earnings beat despite the challenging global macro, and its price to cost was positive in the quarter, the analyst tells investors in a research note. The firm adds however that while Trane also offers tailwinds with "Healthy Buildings" in a post-COVID world, the stock’s valuation suggests that shares are near fair value.