Oppenheimer downgraded Carrier Global (CARR) to Perform from Outperform without a price target as part of a Q3 preview for the industrial efficiency group. The firm cites near-term earnings risk and relatively few catalysts for the shares over the next few quarter for the downgrade. Carrier’s tariff impacts are not fully baked into Q3 consensus estimates and there is risk of higher Q4 destocking versus the company’s guidance, the analyst tells investors in a research note.
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