Morgan Stanley lowered the firm’s price target on Carrier Global (CARR) to $60 from $75 and keeps an Equal Weight rating on the shares. The firm, which sees “a more balanced than normal dispersion of beats & misses” into Q3 from its multi-industry coverage, thinks positive forward revisions “will be a rarity this EPS season” among the group, the analyst tells investors in a preview.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CARR:
- Oppenheimer downgrades Carrier on near-term earnings risk
- Carrier Global downgraded to Perform from Outperform at Oppenheimer
- Carrier Global rebrands BluEdge Command Centers as Customer Command Centers
- Carrier Global: Long-Term Growth Potential Amid Near-Term Challenges
- Carrier Global price target lowered to $90 from $100 at Jefferies