Jefferies analyst Stephen Volkmann notes that The Wall Street Journal reported that Carrier is in late stage negotiations to acquire German industrial manufacturer Viessmann, a family owned manufacturer of boilers and other climate solutions. Such a deal could provide Carrier with a "compelling foothold into the European residential market," particularly in heat pumps, that no other North American HVAC OEM currently possesses, says the firm, which has a Buy rating and $54 price target on Carrier shares.
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