Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Carrier Global (CARR) to $76 from $82 and keeps an Equal Weight rating on the shares. Carrier’s HVAC revenue was light of expectations though the bar had moved higher given apparent North American residential HVAC strength ahead of the quarterly results, and 2024 has now been reset, the analyst tells investors in a research note. The focus is now on the setup for organic growth across key HVAC markets next year, Wells says.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CARR:
- Carrier Global price target lowered to $86 from $88 at Baird
- Carrier Global price target lowered to $89 from $90 at Barclays
- Unusually active option classes on open October 24th
- Carrier Global Boosts Stock Buyback Program by $3 Billion
- Carrier Global cuts FY24 adjusted EPS view to $2.50 from $2.80-$2.90
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue