RBC Capital lowered the firm’s price target on Carrier Global (CARR) to $70 from $75 and keeps an Outperform rating on the shares. The company has negatively pre-announced Q4 EPS of 5c, below its implied guidance, and the management’s commentary was that earnings could come in lower given worse-than-expected November volumes, with continued softness carrying into December, the analyst tells investors in a research note. RBC adds however that it continues to expect a resumption in normal demand/restocking by the early spring of 2026 and the start of the “cooling season”.
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