Trane price target raised to $445 from $415 at Citi

Citi raised the firm’s price target on Trane (TT) to $445 from $415 and keeps a Buy rating on the shares. The company reported solid Q1 results and suggested it expects to deliver 2025 sales and earnings at the high-end its prior guidance range, the analyst tells investors in a research note. The firm says that despite an uncertain macro, sales growth visibility remains elevated supported by Trane’s “robust” backlog, solid bookings in Q1, and growing project pipeline.