Wells Fargo Maintains Underweight Rating for Trane Technologies: Here's What You Need To Know

Wells Fargo has decided to maintain its Underweight rating of Trane Technologies TT and raise its price target from $163.00 to $176.00.

Shares of Trane Technologies are trading up 0.22% over the last 24 hours, at $186.06 per share.

A move to $176.00 would account for a 5.41% decrease from the current share price.

About Trane Technologies

Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $14 billion company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for over 70% of its revenue.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.