TD Cowen analyst Gautam Khanna raised the firm’s price target on Carrier Global to $66 from $62 and keeps a Buy rating on the shares. The firm updated its price target ahead of what they expect to be mixed Q1 results as HVAC demand remains strong despite unremarkable weather during the quarter and the continuation of resi de-stocking.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CARR:
- Carrier Global price target raised to $78 from $71 at Barclays
- M & A News: Carrier Global (NYSE:CARR) to Offload Fire Unit for $1.42B
- Carrier Announces Agreement to Sell Industrial Fire Business to Sentinel Capital Partners for $1.425 Billion
- Carrier Global sells industrial fire business to Sentinel Capital for $1.425B
- Alat, Carrier Global to partner on climate and energy solutions in Saudi Arabia