Wells Fargo analyst Joseph O’Dea lowered the firm’s price target on Carrier Global to $59 from $62 and keeps an Equal Weight rating on the shares. Carrier Global (CARR) and Lennox (LII) have seen the largest negative revisions with the lowest year-to-date returns, due to the weakness in Americas Residential HVAC, the firm notes.
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Read More on CARR:
- Carrier Global raises quarterly dividend to 24c per share
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- Carrier Global price target lowered to $60 from $61 at JPMorgan
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