Trane Technologies PLC (TT) experienced a price decline of 3.01%, hitting a 20-day low amid broader market weakness, with the Nasdaq-100 down 1.29% and the S&P 500 down 0.75%.
This decline is attributed to sector rotation, as the stock's recent performance has been influenced by a combination of market conditions and investor sentiment. Despite the company's recent upgrade to Overweight by KeyBanc Capital Markets, which highlighted an attractive entry point for investors, the overall market sentiment has been negative, leading to selling pressure on TT shares.
The implications of this movement suggest that while there may be potential buying opportunities due to the analyst upgrade, the current market environment is challenging. Investors may need to weigh the positive outlook against the prevailing market trends.
Wall Street analysts forecast TT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TT is 476.33 USD with a low forecast of 370.00 USD and a high forecast of 550.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast TT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TT is 476.33 USD with a low forecast of 370.00 USD and a high forecast of 550.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Buy
5 Hold
1 Sell
Moderate Buy
Current: 394.200
Low
370.00
Averages
476.33
High
550.00
Current: 394.200
Low
370.00
Averages
476.33
High
550.00
Berenberg
Andrew Simms
Hold
maintain
$120
2026-01-21
Reason
Berenberg
Andrew Simms
Price Target
$120
AI Analysis
2026-01-21
maintain
Hold
Reason
Berenberg analyst Andrew Simms reinstated coverage of TT Electronics with a Hold rating and 120 GBp price target.
BofA
Andrew Obin
Neutral -> Buy
upgrade
$490 -> $550
2025-11-13
Reason
BofA
Andrew Obin
Price Target
$490 -> $550
2025-11-13
upgrade
Neutral -> Buy
Reason
BofA analyst Andrew Obin upgraded Trane to Buy from Neutral with a price target of $550, up from $490.
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BofA
Neutral -> Buy
upgrade
$490 -> $550
2025-11-13
Reason
BofA
Price Target
$490 -> $550
2025-11-13
upgrade
Neutral -> Buy
Reason
As previously reported, BofA upgraded Trane to Buy from Neutral with a price target of $550, up from $490. Trane has executed well through a residential slowdown and should see potential upside in 2026, while also benefitting from strong exposure to applied HVAC and an Americas transport recovery next year, the analyst tells investors.
Baird
Baird
Neutral
maintain
$455 -> $500
2025-10-31
Reason
Baird
Baird
Price Target
$455 -> $500
2025-10-31
maintain
Neutral
Reason
Baird raised the firm's price target on Trane to $500 from $455 and keeps a Neutral rating on the shares. The firm updated its model following Q3 results which showed order strength supporting strong America CHVAC growth in 2026.
About TT
Trane Technologies PLC is an Ireland-based global climate innovator. Through its brands Trane and Thermo King, and its portfolio of products and services, it brings climate solutions to buildings, homes, and transportation. Its Americas segment serves customers in North America and Latin America and includes commercial heating, cooling, and ventilation systems, building controls and solutions, and energy services and solutions; residential heating and cooling; and transport refrigeration systems and solutions. Its EMEA segment serves customers in the Europe, Middle East and Africa region and includes heating, cooling and ventilation systems, services and solutions. Its Asia Pacific segment serves customers throughout the Asia Pacific region and includes heating, cooling and ventilation systems, services, and solutions. It also offers autonomous heating, ventilation and air conditioning controls and generative artificial intelligence building technology.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
