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Barclays Sticks to Its Buy Rating for Carrier Global (CARR)

Tipranks - Tipranks - Thu Apr 2, 4:34AM CDT

Barclays analyst Julian Mitchell maintained a Buy rating on Carrier Global today and set a price target of $67.00.

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Mitchell covers the Industrials sector, focusing on stocks such as Eaton, nVent Electric, and Regal Rexnord. According to TipRanks, Mitchell has an average return of 13.8% and a 60.60% success rate on recommended stocks.

In addition to Barclays, Carrier Global also received a Buy from TipRanks – xAI’s xAi Construction in a report issued yesterday. However, on the same day, TipRanks – Google downgraded Carrier Global (NYSE: CARR) to a Hold.

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Based on Carrier Global’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.84 billion and a net profit of $62 million. In comparison, last year the company earned a revenue of $5.15 billion and had a net profit of $2.55 billion

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