BofA analyst Andrew Obin upgraded Carrier Global to Neutral from Underperform with a price target of $72, up from $55. Carrier continues to deliver earnings despite weaker than expected Viessmann results, says the analyst, who now estimates Carrier will be able to meet earnings expectations despite Viessmann weakness on the back of solid North American HVAC demand with Viessmann comps getting easier into 2025.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CARR:
- Carrier Announces Tender Offers for Outstanding Debt Securities
- Carrier Global price target lowered to $70 from $71 at Oppenheimer
- Carrier Global price target lowered to $74 from $75 at Baird
- Carrier Global plans to repurchase $1B of shares in second half
- Carrier Global backs FY24 adjusted EPS view $2.80-$2.90, consensus $2.86