KeyBanc upgraded Trane (TT) to Overweight from Sector Weight with a $500 price target The firm says the recent pullback in shares “offers a rare entry point into one of the highest-quality operators” in building products. While Trane trades at a premium to peers, this is warranted given the company’s “leading” return profile, free cash flow generation, and market leadership in “high-growth” verticals such as data centers, the analyst tells investors in a research note.
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