BofA raised the firm’s price target on Carrier Global (CARR) to $90 from $80 and keeps a Neutral rating on the shares. The firm moved out the basis for its price objective by a year and notes that its higher target reflects peer rerating. BofA reiterates a Neutral rating as it sees strong orders and potential rerating being balanced with Viessmann weakness.
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Read More on CARR:
- Carrier Global price target raised to $78 from $65 at Mizuho
- Carrier Global downgraded at Stephens after 40% year-to-date advance
- Carrier Global downgraded to Equal Weight from Overweight at Stephens
- Carrier Global resumed with Neutral from Underweight at JPMorgan
- Carrier Global price target raised to $95 from $80 at Jefferies