Carrier Global plans to sell or spin off its Fire & Security business, though the process is in an early stage and there’s no guarantee the company will follow through, sources told The Wall Street Journal’s Laura Cooper and Lauren Thomas. The pair note that the segment accounts for about 17% of the company’s sales. Reference Link
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CARR:
- Jeremy Grantham and Goldman Sachs Have One Thing in Common: They Both Like These 3 Stocks
- Carrier Global initiated with an Outperform at Oppenheimer
- Carrier Global price target lowered to $50 from $51 at Barclays
- Carrier Ventures Invests in Ember LifeSciences to Further Drive Disruptive Cold Chain Technologies
- Carrier Global price target raised to $52 from $50 at Argus