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Carrier Global (CARR) Receives a Buy from RBC Capital

Tipranks - Tipranks - Thu Apr 9, 8:52PM CDT

RBC Capital analyst Deane Dray maintained a Buy rating on Carrier Global on April 7 and set a price target of $68.00. The company’s shares closed yesterday at $55.44.

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Dray covers the Industrials sector, focusing on stocks such as Lennox International, nVent Electric, and Dover. According to TipRanks, Dray has an average return of 12.8% and a 60.32% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Carrier Global with a $73.00 average price target, implying a 31.67% upside from current levels. In a report released yesterday, TipRanks – xAI also reiterated a Buy rating on the stock with a $62.00 price target.

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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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