Trane price target raised to $280 from $235 at Stephens

Stephens analyst Tommy Moll raised the firm’s price target on Trane to $280 from $235 and keeps an Equal Weight rating on the shares. The firm has updated its model following Trane’s Q4 results and the company’s conference call, noting that its increased price target reflects “a solidly-premium valuation we have increasing conviction is merited.”