RBC Capital raised the firm’s price target on Trane (TT) to $400 from $395 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. Backlog remains elevated at $6.75 billion, providing good earnings visibility into 2025, while APAC showed encouraging improvement with 8% bookings growth as strength in rest of Asia offset continued softness in China, the analyst tells investors in a research note.
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