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Carrier Global upgraded to Buy from Neutral at Mizuho
The Fly

Carrier Global upgraded to Buy from Neutral at Mizuho

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."

Published first on TheFly

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