Baird lowered the firm’s price target on Carrier Global (CARR) to $86 from $88 and keeps an Outperform rating on the shares. The firm said despite softer Q3 results, HVAC results into Q4 appear more positive given stronger Viessmann order trends and residential sell-through described as very strong in October.
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Read More on CARR:
- 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
- Carrier Global announces $3B share repurchase authorization