Trane price target raised to $470 from $469 at RBC Capital

RBC Capital analyst Deane Dray raised the firm’s price target on Trane (TT) to $470 from $469 and keeps a Sector Perform rating on the shares. The company’s Q4 results were “impressive” with 35% growth in Americas CHVAC bookings, the analyst tells investors in a research note. Datacenter remains the biggest driver in bookings, RBC adds.