Carrier Global price target raised to $82 from $71 at RBC Capital

RBC Capital raised the firm’s price target on Carrier Global (CARR) to $82 from $71 and keeps an Outperform rating on the shares after its Q1 earnings beat. The firm is positive on the company’s continued orders momentum, with broad-based strength across Commercial HVAC, Viessmann, and transportation, the analyst tells investors in a research note. Carrier management also emphasized productivity, localization and dual sourcing as key tariff mitigation levers, RBC adds.