Analyst RatingAnalyst upgrades the rating from equal-weight to overweight based on the belief that Trane Technologies is headed toward top-tier compounder status, valued with a quality-growth premium.
Company StrengthsThe company's strengths include a cohesive culture, well-tuned operating system, direct commercial sales force, and strong aftermarket/service contribution.
Stock PerformanceFollowing earnings, Trane Technologies was rallying intraday, remaining an outperformer and ending up approximately 8% at the close.