Carrier Global price target raised to $51 from $47 at Barclays

Barclays analyst Julian Mitchell raised the firm’s price target on Carrier Global to $51 from $47 and keeps an Overweight rating on the shares post the Q4 results. Barring a prolonged collapse in residential, Carrier’s 2023 guidance "looks quite conservative," the analyst tells investors in a research note. The firm expects the stock’s valuation multiple to re-rate as the orders bottom out.