RBC Capital lowered the firm’s price target on Carrier Global (CARR) to $86 from $87 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 for the Multi-Industry sector. Secular drivers like electrification, reshoring, and datacenters remain powerful growth drivers, and Trump 2.0 should be decidedly pro-business and tariffs should be a manageable risk, the analyst tells investors in a research note. For the company, RBC is positive on Carrier’s prospects for a re-rating higher among its HVAC peers, also noting that attractive IAQ/Healthy Buildings megatrends remain and adding there is also a solid ESG lens to its investment story, the firm added.
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