Summary:
- HSBC upgrades Trane Technologies (TT, Financial) to a 'Buy' on strong fundamentals and innovation focus.
- The average analyst price target suggests a 12.36% upside from the current market price.
- GuruFocus's GF Value highlights a potential 22.8% downside, urging a cautious analysis.
HSBC has upgraded Trane Technologies (NYSE: TT) to a Buy rating, underscoring the company's robust fundamentals and attractive valuation as pivotal catalysts. The investment bank raised the price target for this HVAC sector leader to $415, spotlighting Trane's strategic commitment to sustainable innovation and its promising potential for long-term earnings growth.
Wall Street Analysts Forecast
According to one-year price targets set by 18 analysts, Trane Technologies PLC (NYSE: TT) boasts an average target price of $390.98, with projections ranging from a high of $475.00 to a low of $237.34. The average target suggests a significant upside of 12.36% from its current trading price of $347.97. For a comprehensive view of these projections, visit the Trane Technologies PLC (TT, Financial) Forecast page.
From the consensus of 26 brokerage firms, Trane Technologies PLC (NYSE: TT) holds an average brokerage recommendation of 2.6, signaling a "Hold" consensus. This rating is derived from a scale of 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Sell.
In contrast, GuruFocus estimates the GF Value for Trane Technologies PLC (NYSE: TT) to be $268.64 in the coming year, pointing to a potential downside of 22.8% from the current $347.97 price level. The GF Value represents GuruFocus' assessment of the fair trading value of a stock, predicated on past trading multiples, historical business growth, and future business performance expectations. More elaborate data can be accessed on the Trane Technologies PLC (TT, Financial) Summary page.
