In a report released yesterday, Andrew Kaplowitz from Citi maintained a Buy rating on Carrier Global (CARR – Research Report), with a price target of $82.00.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Andrew Kaplowitz has given his Buy rating due to a combination of factors that highlight Carrier Global’s strong growth potential. The company’s recent investor day emphasized its ongoing opportunities for revenue and earnings growth, which are supported by focused operational execution. This positions Carrier Global well for sustained double-digit EPS growth, aligning with its multi-year targets.
Furthermore, the favorable outlook on HVAC markets, combined with Carrier Global’s transformed portfolio and multi-pronged growth strategies, is expected to drive accelerating organic growth in the coming years. The company’s solid track record in operational execution is anticipated to support its targeted annual adjusted operating margin expansion. Additionally, Carrier Global’s significant capital deployment capacity of over $10 billion is expected to provide flexibility for strategic acquisitions and share repurchases.
In another report released on May 16, J.P. Morgan also maintained a Buy rating on the stock with a $79.00 price target.