RBC Capital analyst Deane Dray lowered the firm’s price target on Carrier Global (CARR) to $76 from $86 but keeps an Outperform rating on the shares. The company reported mostly as-expected Q4 results and guidance, but the firm continues to downplay any lasting impact from the year-end pre-buy, the analyst tells investors in a research note. RBC adds however that the ongoing commercial HVAC momentum and expectations that datacenter could double in 2025 to $1B is “far more consequential”.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CARR:
- Mixed Outlook for Carrier Global: Hold Rating Amidst Earnings Surprises and Market Challenges
- Carrier Global price target lowered to $87 from $90 at Barclays
- Carrier Global’s $12.3 Billion Debt Poses Threat to Cash Flow and Growth Opportunities
- Carrier Global Reports Robust 2024 Financial Results
- Carrier Global’s Earnings Call Reveals Growth Amid Challenges