RBC Capital analyst Deane Dray raised the firm’s price target on Trane to $177 from $164 but keeps a Sector Perform rating on the shares. The company reported a "solid" Q4 operating earnings beat despite the challenging global macro, and its price to cost was positive in the quarter, the analyst tells investors in a research note. The firm adds however that while Trane also offers tailwinds with "Healthy Buildings" in a post-COVID world, the stock’s valuation suggests that shares are near fair value.
Published first on TheFly
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Read More on TT:
- Trane price target raised to $185 from $175 at Mizuho
- Trane sees 2023 adjusted EPS $8.20-$8.50, consensus $7.89
- Trane reports Q4 adjusted EPS $1.82, consensus $1.65
- Trane rises 8.2%
- Trane price target raised to $175 from $155 at Mizuho
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