Oppenheimer analyst Noah Kaye maintains $Carrier Global (CARR.US)$ with a buy rating, and adjusts the target price from $70 to $88.
According to TipRanks data, the analyst has a success rate of 64.0% and a total average return of 14.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Carrier Global (CARR.US)$'s main analysts recently are as follows:
The firm believes that entry rates and trends for the year 2025 may hold more significance than updates for the latter half of 2024. The industrial capital expenditure outlook appears to be lethargic, accompanied by residential trends that seem to be at their lowest point, according to insights shared with investors.
It is anticipated that Carrier Global's consensus forecasts for 2025 may require revision when the company reclassifies its F&S business as discontinued operations. This adjustment is seen as another potential challenge for a stock that is perceived to carry a relatively high valuation.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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