Bank of America analyst Andrew Obin has revised the price target for Trane Technologies (TT, Financial), reducing it from $430 to $378 while maintaining a Neutral rating. This adjustment comes as BofA anticipates the company's Q1 earnings outcomes to align with or surpass expectations.
Despite this optimism, the firm has adjusted its estimates downward due to persisting uncertainties and ongoing tariffs. These concerns remain, even after the recent decision to implement a 90-day pause on reciprocal tariffs, announced on April 9. This cautious approach reflects the broader uncertainties affecting the Industrials/Multi-Industry sector, according to the analyst's insights shared with investors.
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.
