Argus analyst John Eade raised the firm’s price target on Carrier Global to $68 from $52 and keeps a Buy rating on the shares. The company’s long-term financial goals include low single-digit sales growth and high single-digit earnings growth as margins improve and as Carrier Global buys back stock, the analyst tells investors in a research note. Carrier’s corporate transformation is also expected to raise its revenue growth profile, the firm adds, noting that the stock’s valuation levels are “attractive”.
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