Carrier Global out of ‘penalty box,’ upgraded to Buy at Northcoast

As previously reported, Northcoast analyst Samuel Snyder upgraded Carrier Global (CARR) to Buy from Neutral with an $85 price target Carrier has “served its time in the penalty box” and is now back to full strength after digesting the VCS deal, the analyst tells investors. The firm sees the “imminent launch of a new phase of growth” coming later this month at Carrier’s investor day in New York, the analyst added. New products in the U.S. via the acquisition of Viessmann, combined with Toshiba intellectual property assets, could propel growth in the Americas, the analyst argues.