UBS upgraded Carrier Global (CARR) to Buy from Neutral with a price target of $94, up from $66, after assuming coverage of the name. The company will exit this year as a pure play HVAC company after $8B in net proceeds from announced divestitures over the past 12 months, a plan that is occurring at a time of good orders, which has positive implications for prospective growth, the analyst tells investors in a research note. The firm sees opportunities for positive revisions over the next 12 months.
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Read More on CARR:
- Carrier Global upgraded to Buy from Neutral at UBS
- Carrier Global price target lowered to $80 from $85 at Stephens
- Carrier Global price target lowered to $87 from $91 at RBC Capital
- Carrier Global price target lowered to $76 from $82 at Wells Fargo
- Carrier Global price target lowered to $86 from $88 at Baird