Carrier Global price target raised to $45 from $39 at Citi

Citi analyst Vladimir Bystricky raised the firm’s price target on Carrier Global to $45 from $39 and keeps a Neutral rating on the shares. The analyst says megatrends and "still emerging fiscal tailwinds" should help moderate potential downside for industrials in a slowing macro-economic environment. In addition, improving price versus cost trends and gradually improving supply chains should remain supportive of improving profitability for much of the group, he tells investors in a 2023 outlook research note.