Citi raised the firm’s price target on Trane Technologies to $246 from $237 and keeps a Buy rating on the shares. The analyst says a solid Q3 beat and 2023 guidance raise, driven by healthy demand trends across most of Trane’s key end markets and strong execution by the company, are indicative of the company’s “strong value creation” that should continue to support further share price appreciation.
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Read More on TT:
- Trane price target raised to $200 from $190 at Wells Fargo
- Early notable gainers among liquid option names on November 1st
- Trane CEO says ‘bookings at an all-time high’
- Trane raises FY23 adjusted EPS view to ~$9.00 from $8.80-$8.90, consensus $8.87
- Trane reports Q3 adjusted EPS $2.79, consensus $2.66
