Citi analyst Andrew Kaplowitz raised the firm’s price target on Trane (TT) to $478 from $457 and keeps a Buy rating on the shares. With an upcoming change in U.S. administration, Citi remains “selectively bullish” on multi-industry companies as divergent market trends among industrial verticals could continue for the time being, the analyst tells investors in a research note. The firm says exposure to secular growth themes could remain at a premium, and it also favors selective exposure to emerging tailwinds such as “Trump beneficiaries,” value, and tactical short-cycle exposure.
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Read More on TT:
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- Trane assumed with a Buy at UBS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
