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Barclays Maintains Carrier Global(CARR.US) With Buy Rating, Cuts Target Price to $90

Moomoo News ·  Jan 8 02:33  · Ratings

Barclays analyst Julian Mitchell maintains $Carrier Global (CARR.US)$ with a buy rating, and adjusts the target price from $92 to $90.

According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 14.4% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Carrier Global (CARR.US)$'s main analysts recently are as follows:

  • A slow start to the year is anticipated for Carrier Global due to sluggish organic sales growth and currency headwinds. It is noted that investor expectations are rapidly changing, with a shift away from cyclicals.

  • Initial 2025 guidance in the sector is expected to lead to negative revisions in consensus estimates. Recent strength in the dollar has been a significant factor in this headwind. It's believed that the impact of currency pressures is well recognized, hence any initial guidance ranges falling below the consensus should not be unexpected.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

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.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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