Morgan Stanley analyst Christopher Snyder maintains $Carrier Global (CARR.US)$ with a hold rating, and adjusts the target price from $75 to $78.
According to TipRanks data, the analyst has a success rate of 52.4% and a total average return of 6.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Carrier Global (CARR.US)$'s main analysts recently are as follows:
Carrier Global's orders momentum in Q3 indicated a positive trend, though it was at the lower end of the previously mentioned range. Despite this, the view on the company's transformation journey remains favorable. Signs of stabilization are being observed with Viessmann, and Carrier's core HVAC operations are benefitting from secular trends in datacenters, decarbonization, and indoor air quality/sustainability.
Carrier Global's HVAC revenue did not meet expectations, despite previously heightened anticipation due to the strength in the North American residential HVAC market prior to the quarterly results. Looking forward, the emphasis has shifted towards the potential for organic growth within key HVAC markets in the upcoming year.
Despite softer outcomes in the third quarter, the outlook for HVAC going into the fourth quarter seems more optimistic, reflecting stronger order trends and a residential sell-through characterized as very strong in October.
Note:
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