BofA Positive on Trane Technologies (TT)

• StockStory Top Pick TT -2.69% NVDA +1.66%

Trane Technologies plc (NYSE:TT) is one of the best industrial stocks to buy. On November 14, BofA elevated the price target on Trane from $490 to $550, while upgrading the stock from Neutral to Buy. The upgrade follows the company’s skillful handling of the slowing residential demand in H2 2025 and the possible upside next year.

BofA also noted that Trane has a major engagement in applied HVAC, which accounts for nearly 22% of its revenue, and observed that the company is set to gain from the rebound in Americas Transport in 2026. BofA also emphasized that Trane’s service business, which makes up 33% of revenue, helps contain cyclical swings and supports better results than those of HVAC competitors and market consensus.

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Separately, on October 28, Trane Technologies plc (NYSE:TT) launched the industry’s first complete thermal management reference design for NVIDIA Omniverse DSX, built for gigawatt-scale AI data centers. The solution enhances performance, scalability, and fast deployment for high-demand AI factories. Trane Technologies’ thermal management system also scales for high-density NVIDIA systems and integrates Omniverse DSX Digital Twins to combine 3D data, speeding up the design, simulation, and deployment of large AI factories while improving sustainability.

Trane Technologies plc (NYSE:TT), headquartered in Swords, Ireland, manufactures and distributes HVAC and transport refrigeration products worldwide.

While we acknowledge the potential of TT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure. None.