Barclays lowered the firm’s price target on Carrier Global (CARR) to $74 from $82 and keeps an Overweight rating on the shares after the company stated at an industry conference yesterday that U.S. RHVAC sales are trending below its prior expectations, creating a CSA segment adjusted EPS headwind in Q3 of 20c-25c to its prior guide of about 80c. In light of these conversations, the firm now estimates EPS of $2.69 in 2025, versus the existing FY25 guidance of $3.00-3.10, which it expects to be lowered alongside Q3 results, the analyst tells investors.
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