Mizuho raised the firm’s price target on Carrier Global to $88 from $80 and keeps an Outperform rating on the shares. The firm updated estimates in the electrical equipment and multi-industry sector post earnings. Pent-up demand in investment and capex, the reemergence of profit generation and positive portfolio shaping are common themes, the analyst tells investors in a research note. Mizuho’s top picks are Carrier Global (CARR), Emerson Electric (EMR), Pentair (PNR), Applied Industrial (AIT) and Stanley Black & Decker (SWK).
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CARR:
- Carrier Global price target raised to $79 from $66 at JPMorgan
- Carrier Global’s Strategic Transformation and Growth Prospects Underpin Buy Rating
- Ford CAO Mark Kosman to depart, Kyle Crockett to succeed
- Carrier Global announces additional $1B investment in U.S. over five years
- Qualcomm initiated, Lyft upgraded: Wall Street’s top analyst calls