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FINWIRES

Research Alert: CFRA Maintains Buy Opinion On Shares Of Trane Technologies

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month price target to $540 from $486, based on a 2027 P/E of 31.5x, a premium to the five-year average of 27.7x on promising sales and margin expansion. Following TT's Q1 beat and guidance increase, we raise our estimates and price target and reiterate our Buy rating on the shares. We increase our adjusted EPS estimates to $14.95 from $14.87 for 2026 and to $17.15 from $16.76 for 2027. TT posted Q1 adjusted EPS of $2.63 vs. $2.45 (+7%), well ahead of the $2.53 consensus. TT's Q1 sales increased 6% to $4.97B ($150M ahead of consensus), but adjusted EBIT margin contracted 20 bps to 16.0%. Organic bookings were up 24%, led by Americas Commercial HVAC, up approximately 40%. TT ended Q1 2026 with a record backlog of $10.7B, up over 30% versus year-end 2025 levels. Management raised full-year 2026 guidance, now expecting 2026 revenue growth of ~9.5% (vs 8.5%-9.5% previously) and adjusted EPS of $14.75-$14.95 (vs $14.65-$14.85 previously).

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