Oppenheimer raises price target on Ireland-based global climate innovator Trane Technologies (2IS.F) to $500 from $468, rating unchanged at “outperform”
New PT implies an upside of 5.7% from the stock’s last close
Brokerage says improved North American reefer demand could boost co’s growth outlook and support stronger margins in coming days
Oppenheimer flags favorable order comparisons in Trane’s Americas commercial HVAC business and expects continued order strength
12 of 26 brokerages rate the stock “buy” or higher, 13 “hold” and one “sell”; their median PT is $476.50- data compiled by LSEG
As of last close, stock had risen 21.5% YTD

HVAC

Reuters

Trane Tech

AdvisorShares HVAC and Industrials ETF

VG Industr

Spdr Select Indu

iShares US Industrials

Oppenheimer

London Stock Exchange Group plc

BUZZ-Oppenheimer hikes Trane's PT on stronger order outlook