BofA analyst Andrew Obin raised the firm’s price target on Carrier Global (CARR) to $80 from $72 and keeps a Neutral rating on the shares after Carrier, Trane (TT) and Watsco (WSO) presented at an investor conference on September 11-12. For Q3, Carrier expects orders up in the 20%-30% range, which compares to orders up 30% in Q2, the analyst noted. The firm has raised its 2025 EV/EBITDA multiple to reflect peer rerating, the analyst noted.
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Read More on CARR:
- Carrier sees 20%-30% growth in orders QTD in Q3
- Johnson Controls upgraded to Buy at BofA on ‘best-in-class’ data center assets
- Early notable gainers among liquid option names on September 6th
- Carrier Global initiated with an Equal Weight at Morgan Stanley
- Carrier Global upgraded to Peer Perform from Underperform at Wolfe Research
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