Stock Rating Downgrade
In the last week the Value Trend Rating for Trane Technologies plc (NYSE: TT) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Trane Technologies plc (NYSE: TT) stock closed at $331.84 on 7/29/24 after a modest gain of 0.6%. However, below average trading volume at 80% of normal accompanied the advance. The stock has risen 0.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TT is expected to continue to be a major Value Builder.
Trane Technologies plc has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Trane Technologies plc has a poor Appreciation Score of 24 but a very high Power Rating of 97, triggering the High Neutral Value Trend Rating.
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