Mizuho analyst Brett Linzey upgraded Carrier Global to Buy from Neutral with a price target of $53, up from $38. The analyst sees "multiple earnings levers ahead" for the company along with a bearish residential sentiment peak. Carrier is well positioned with a "number of identifiable tailwinds to buffer weaker volumes," Linzey tells investors in a research note. He says energy efficiency drivers and strong pricing power underpin his favorable view. Linzey added Carrier to this "2023 Top Pick list."
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