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Carrier Global initiated with an Outperform at Evercore ISI

Evercore ISI initiated coverage of Carrier Global (CARR) with an Outperform rating and $75 price target The firm likes the company’s portfolio transformation and exposure to the secular growth markets of electrification, data centers, and aftermarket. Carrier has a “clear pathway” to margin expansion and offers “relatively inexpensive secular growth exposure,” the analyst tells investors in a research note.

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