Wells Fargo analyst Joe O'Dea maintains $Carrier Global (CARR.US)$ with a hold rating, and adjusts the target price from $80 to $75.
According to TipRanks data, the analyst has a success rate of 62.3% and a total average return of 10.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Carrier Global (CARR.US)$'s main analysts recently are as follows:
Initial 2025 guidance in the sector is expected to lead to negative revisions in consensus estimates. Recent strength in the dollar is identified as a major factor contributing to this pressure. It is noted that the impact of currency fluctuations is largely recognized, suggesting that any guidance figures falling below consensus may not be unexpected.
Secular drivers such as electrification, reshoring, and data centers continue to serve as powerful growth drivers, with a potential pro-business administration likely making tariffs a manageable risk. Analysts remain positive regarding Carrier Global's prospects for an improved valuation among HVAC peers, highlighting that attractive trends in Indoor Air Quality and Healthy Buildings are enduring. The company also presents a compelling ESG-centric narrative.
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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