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Trane assumed with a Buy at UBS
The Fly

Trane assumed with a Buy at UBS

UBS analyst Amit Mehrotra assumed coverage of Trane (TT) with a Buy rating with a price target of $500, up from $375. The firm believes 2025 consensus revenue expectations are too low based on recent order and backlog trends, allowing for positive revisions, the analyst tells investors in a research note. UBS sees an underappreciated earnings trajectory into the next year with potential further upside from margin expansion.

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