Trane price target raised to $375 from $330 at UBS

UBS raised the firm’s price target on Trane to $375 from $330 and keeps a Buy rating on the shares. Results from UBS’ 3rd annual HVAC Business Survey reinforce the firm’s confidence that the stock can continue to work despite a higher P/E multiple, the analyst tells investors in a research note. UBS sees upside to consensus estimates, healthy orders growth and balance sheet capacity continuing to drive stock outperformance.