TD Cowen raised the firm’s price target on Trane to $325 from $235 and keeps a Buy rating on the shares. The firm updated its price target ahead of what they expect to be mixed Q1 results as HVAC demand remains strong despite unremarkable weather during the quarter and the continuation of resi de-stocking.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TT:
- Trane price target raised to $325 from $286 at Barclays
- Early notable gainers among liquid option names on March 14th
- New Capital Markets Risk for Trane Technologies Plc – What’s the Latest?
- Trane increases quarterly dividend 12% to 84c per share
- Trane price target raised to $280 from $235 at Stephens