Analyst Rating UpgradeAnalyst 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.
Earnings PerformanceFollowing earnings, Trane Technologies was rallying intraday, remaining an outperformer and ending up approximately 8% at the close.
Future Growth PotentialTrane has been upgraded to a Buy, with a DCF-derived target price of USD415, indicating confidence in its long-term growth potential.