Carrier Global (CARR – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Christopher Snyder from Morgan Stanley maintained a Hold rating on the stock and has a $78.00 price target.
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Christopher Snyder’s rating is based on a combination of factors that present a mixed outlook for Carrier Global. The company reported a fourth-quarter earnings per share (EPS) slightly above market expectations, primarily due to lower tax and interest expenses, but its operating profits fell short of projections. Carrier’s organic growth met expectations, however, the muted upside from the Americas residential pre-buy and declines in the Light Commercial segment suggest potential challenges ahead.
Additionally, the guidance for 2025 indicates moderate downside risks with organic growth projections slightly below consensus, influenced by uncertainties in the residential and light commercial markets. Although Carrier’s guidance for 2025 EPS is within the forecast range, the headwinds from foreign exchange and divestitures, along with flat expectations for the recently acquired Viessmann, indicate that growth might be constrained. These mixed signals contribute to a Hold rating, suggesting that investors might consider maintaining their current positions without pursuing additional shares at this time.