Oppenheimer analyst Noah Kaye maintains $Carrier Global (CARR.US)$ with a buy rating, and maintains the target price at $88.
According to TipRanks data, the analyst has a success rate of 63.6% and a total average return of 14.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Carrier Global (CARR.US)$'s main analysts recently are as follows:
Carrier Global's HVAC revenue did not meet expectations, even as the North American residential HVAC market seemed strong prior to the quarterly results, leading to a reassessment for 2024. Attention is now turning towards the prospects for organic growth in pivotal HVAC markets in the upcoming year.
Despite softer results in the third quarter, the outlook for HVAC going into the fourth quarter seems more optimistic, with an uptick in order trends and residential sales described as very robust in October.
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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