Trane price target raised to $506 from $495 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on Trane (TT) to $506 from $495 and keeps an Overweight rating on the shares as part of a 2026 outlook for the multi-industry group. A neutral sector view remains appropriate into next year, but expectations are low on end-markets beyond data centers, electric utilities and aerospace, the analyst tells investors in a research note.