RBC Capital raised the firm’s price target on Carrier Global (CARR) to $87 from $86 and keeps an Outperform rating on the shares. The company’s Investor Day showcased its multi-year organic growth vectors, and the management’s medium-term 6%-8% organic revenue and mid-teens% EPS growth targets look reasonable and achievable, the analyst tells investors in a research note. As a balanced global HVAC pure-play top-3 leader, Carrier sees attractive opportunities in datacenter, European heat pump, broader non-residential/megaprojects/ reshoring projects, and key emerging markets, RBC added.
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