Wells Fargo analyst Joseph O’Dea raised the firm’s price target on Carrier Global (CARR) to $75 from $65 and keeps an Equal Weight rating on the shares. The firm notes Carrier Global delivered a strong start to the year driven by CSA margin strength on Residential and Commercial revenue strength. Key focus moving forward is any vulnerability to CSA Residential demand on channel inventory destock and customer pricing fatigue, along with EU Residential, Wells adds.
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