Trane Selloff Creates 'Rare Entry Point,' Analyst Says
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KeyBanc Capital Markets analyst Jeffrey Hammond upgraded Trane Technologies to Overweight, citing its strong CHVAC portfolio and potential in the data center market. The recent selloff offers a rare entry point, with a price target of $500. Trane Technologies is a leading HVAC player, with a strong pipeline and momentum expected to continue. Its direct salesforce is a differentiating factor, particularly for large data center customers. Shares were up 1.16% at $395.71, with a market cap of $87.74 billion and a high P/E ratio of 29.93.
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