Carrier Global price target raised to $85 from $73 at Oppenheimer

Oppenheimer analyst Noah Kaye raised the firm’s price target on Carrier Global (CARR) to $85 from $73 and keeps an Outperform rating on the shares. The firm notes shares traded up Thursday after CARR beat Q1 top/bottom line consensus and raised FY25 guidance above the Street. While updated guidance has several moving pieces to track, Oppenheimer sees trends broadly improving, with controllable levers including Commercial expansion, aftermarket growth, VCS synergies capture, and innovation in capabilites.