HSBC Downgrades Trane Technologies to Hold, Announces $405 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Wesley Brooks has downgraded Trane Technologies from Buy to Hold, setting a price target of $405.
October 31, 2024 | 6:39 pm
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HSBC has downgraded Trane Technologies from Buy to Hold, with a new price target of $405, indicating a more cautious outlook.
The downgrade from Buy to Hold by HSBC suggests a more cautious stance on Trane Technologies, which may lead to neutral or slightly negative sentiment in the short term. The price target of $405 provides a specific valuation benchmark.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100