Carrier Global price target raised to $83 from $73 at BofA

BofA raised the firm’s price target on Carrier Global (CARR) to $83 from $73 and keeps a Neutral rating on the shares following the company’s investor day meeting. The company raised its medium-term EPS guidance to mid-teens growth from double-digit growth and the focus of the medium-term framework was the reacceleration of growth after Carrier’s 2022-24 growth came in below framework but margin expansion outperformed, the analyst tells investors. The firm’s target multiple applied to its 2026 estimates is at a slight premium to peers, the analyst noted.