Trane price target raised to $295 from $245 at Argus

Argus raised the firm’s price target on Trane to $295 from $245 and keeps a Buy rating on the shares after its Q4 earnings beat. The company is expected to focus on reducing energy intensity in buildings, lowering greenhouse gas emissions and food waste, while improving productivity for customers, and these are good long-term businesses, the analyst tells investors in a research note. Trane shares deserve premium valuations given the company’s cash generation capabilities and its record of market outperformance, the firm added.