Citigroup has revised its price target for Trane Technologies (TT, Financial), adjusting it downward from $476 to $415 while maintaining a Buy rating for the stock. This update comes from a broader evaluation ahead of the first-quarter performance of U.S. electrical equipment and industrial conglomerates.
Despite the reduction in the price target, Citi remains optimistic about the sector's prospects. The investment firm suggests that policies from the Trump Administration might revitalize long-term growth trends for these companies. Citi anticipates ongoing value opportunities within the sector, as it continues to monitor developments closely.
The outlook for the first quarter suggests that orders and earnings should generally meet expectations, indicating stable performance across the industry. Investors are advised to consider the potential for future growth within this space, despite the current price target adjustment for Trane Technologies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Trane Technologies PLC (TT, Financial) is $401.93 with a high estimate of $476.00 and a low estimate of $237.34. The average target implies an upside of 16.23% from the current price of $345.81. More detailed estimate data can be found on the Trane Technologies PLC (TT) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Trane Technologies PLC's (TT, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Trane Technologies PLC (TT, Financial) in one year is $269.06, suggesting a downside of 22.19% from the current price of $345.81. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Trane Technologies PLC (TT) Summary page.
