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BofA Securities Maintains Trane Technologies(TT.US) With Hold Rating

Futu News ·  Nov 1 22:31  · Ratings

BofA Securities analyst Andrew Obin maintains $Trane Technologies (TT.US)$ with a hold rating.

According to TipRanks data, the analyst has a success rate of 63.2% and a total average return of 12.8% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Trane Technologies (TT.US)$'s main analysts recently are as follows:

  • The expectation is that Trane will maintain its current valuation multiple in light of the anticipated continued estimate revisions by the Street.

  • The firm noted that the company exceeded Street estimates for both revenue and EPS, driven by robust results in the Americas and EMEA, which more than compensated for the underperformance in China within the APAC region.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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