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Carrier Global price target lowered to $76 from $86 at RBC Capital

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”.

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