Carrier Global price target raised to $52 from $50 at Argus

Argus analyst John Eade raised the firm’s price target on Carrier Global to $52 from $50 and keeps a Buy rating on the shares after its Q4 results and guidance last week. The company’s long-term financial goals include low single-digit sales growth and high single-digit EPS growth as margins improve and the company buys back stock, the analyst tells investors in a research note. The firm also notes that the valuations on Carrier Global are attractive as it expects its earnings to improve over the next two years.