• Scott Davis from Melius Research sets a price target of $490 for NYSE:TT, indicating a potential upside of 28.58%.
• UBS Group downgrades TT but maintains a buy rating, adjusting the price target from $544 to $520.
• Other financial institutions like the Royal Bank of Canada, Bank of America, and Barclays have also updated their price targets and ratings for TT, reflecting a positive outlook.

Trane Technologies plc (NYSE: TT) is a global leader in climate innovation, providing sustainable solutions for buildings, homes, and transportation. The company is known for its innovative products and services that enhance energy efficiency and reduce environmental impact. Trane Technologies competes with other major players in the industry, such as Carrier Global Corporation and Johnson Controls International.

On January 7, 2026, Scott Davis from Melius Research set a price target of $490 for TT, while the stock was trading at $381.10. This suggests a potential upside of 28.58%. However, the stock recently experienced a decline, opening at $367.12 after an analyst downgrade by UBS Group, which lowered their price target from $544 to $520. Despite this, UBS Group still maintains a buy rating on the stock.

The stock last traded at $362.73, with a trading volume of 462,873 shares. Other analysts have also shared their views on TT. The Royal Bank of Canada increased their price target from $467 to $469, giving it a "sector perform" rating. Bank of America upgraded TT from "neutral" to "buy," raising their target price from $490 to $550. Barclays also adjusted their price target, increasing it from $485 to $495, with an "overweight" rating.

TT's current price of $381.10 reflects a decrease of 2.52% or $9.87. The stock has fluctuated between a low of $348.06 and a high of $383.26 today. Over the past year, TT has reached a high of $476.19 and a low of $298.15. The company's market capitalization is approximately $84.5 billion, with a trading volume of 4,318,000 shares on the NYSE.