Morgan Stanley Maintains Overweight Rating for Trane Technologies: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Overweight rating for Trane Technologies (NYSE:TT) and increased its price target from $231.00 to $234.00. Trane Technologies' shares are currently trading up 1.41% at $200.81 per share. A move to $234.00 would represent a 16.53% increase from the current share price. Trane Technologies, a $16 billion company, generates approximately 70% of sales from equipment and 30% from parts and services.
September 22, 2023 | 5:00 pm
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Morgan Stanley has maintained its Overweight rating for Trane Technologies and raised its price target, indicating a positive outlook for the company's stock.
The maintenance of the Overweight rating and the increase in price target by Morgan Stanley indicates a positive outlook for Trane Technologies. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100