Mizuho has adjusted its price target for Trane Technologies (TT, Financial), reducing it from $400 to $370. The decision to lower the target stems from anticipated challenges in the electrical equipment and multi-industry sectors as the earnings season approaches.
According to analyst Brett Linzey, a Neutral rating is being maintained on Trane's shares. The firm is taking into account potential short-term demand decreases and the impact of tariffs on financial outcomes. Although the first quarter performance largely met expectations, the focus remains elsewhere due to recent developments affecting the market.
Escalating tariffs, particularly those directed at China, are expected to pose significant challenges for companies like Trane. In response, corporates have started increasing prices. However, Mizuho predicts that there will still be unaddressed obstacles and some inevitable financial drawbacks.
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 $390.43 with a high estimate of $475.00 and a low estimate of $237.34. The average target implies an upside of 21.11% from the current price of $322.37. 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 $268.71, suggesting a downside of 16.65% from the current price of $322.37. 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.
