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Analysts Offer Insights on Industrial Goods Companies: Trane Technologies (TT) and Commercial Metals Company (CMC)

Tipranks - Sat Jun 13, 8:28AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Trane Technologies (TT) and Commercial Metals Company (CMC) with bullish sentiments.

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Trane Technologies (TT)

Evercore ISI analyst Alexander Virgo maintained a Buy rating on Trane Technologies today and set a price target of $560.00. The company’s shares closed last Thursday at $460.14.

According to TipRanks.com, Virgo is a 3-star analyst with an average return of 5.3% and a 59.7% success rate. Virgo covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Ralliant Corporation. ;'>

Currently, the analyst consensus on Trane Technologies is a Moderate Buy with an average price target of $530.64, representing a 16.7% upside. In a report issued on June 5, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $550.00 price target.

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Commercial Metals Company (CMC)

Bank of America Securities analyst Sathish Kasinathan maintained a Buy rating on Commercial Metals Company today and set a price target of $84.00. The company’s shares closed last Thursday at $77.75.

Kasinathan has an average return of 35.5% when recommending Commercial Metals Company. ;'>

According to TipRanks.com, Kasinathan is ranked #2906 out of 12296 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Commercial Metals Company with a $80.56 average price target, a 8.0% upside from current levels. In a report issued on May 28, TipRanks – xAI also upgraded the stock to Buy with a $85.00 price target.

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