Trane

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month price target at $229 on a forward P/E of 23x our ’24 EPS estimate, in line with the five-year average. We keep our ’23 EPS estimate as $8.98, ’24’s as $9.94, and ’25’s as $10.98. Our outlook on sales, margins, and EPS has not changed; however, we think shares are at fair value, and do not provide upside at this time.